The Matthew Company Makes Tables for Which the Following Standards

question 84

Multiple Choice

The Matthew Company makes tables for which the following standards have been developed:
$\begin{array}{lll}&\text { Standard Inputs Expected }&\text { Standard Price }\\\text { Expected }&\text { For Each Unit of Output }&\text { Per Unit of Input }\\\hline\text { Direct Materials } & 7 \text { ounces } & \$5.20 \text { per ounce } \\\text { Direct Labor } & 3 \text { hours } & \$ 16 \text { per hour }\end{array}$
Production of 200 tables was expected in May,but 220 tables were actually completed.Direct materials purchased and used were 2,100 pounds at an actual price of $4.40 per pound.Direct labor cost for the month was $10,620,and the actual pay per hour was $18.00.What is the direct labor price variance for the month of May?

• A) $1,180 Favorable
• B) $1,180 Unfavorable
• C) $1,200 Favorable
• D) $1,200 Unfavorable

Comprehend the requirements and impact of effective organization development initiatives.

Understand the foundational steps towards developing and maintaining high job performance.

Identify management practices that lead to sustained superior performance.

Understand the life cycle of an organization and the leadership challenges at different stages.

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Definitions:

Valuing Citizenship

Placing importance on the rights, responsibilities, and roles of individuals in a society or community.

Entrepreneurship

The activity of setting up a business or businesses, taking on financial risks in the hope of profit.

Culturally Competent

Having the capacity to understand, communicate with, and effectively interact with people across cultures.

Public Administrators

Individuals who manage public agencies or non-profit organizations, implementing policies and managing resources to serve the public.