Dawson Corporation Has the Following Information A Determine the Materials Price Variance and Whether It Is

question 15

Essay

Dawson Corporation has the following information: $\begin{array} { l r l r } \text { Direct Materials: }&&\text { Direct Labour: }\\\text { Standard Quantity } & 2,500 & \text { Standard Hours } & 600 \\ \text { Actual Quantity } & 2,400 & \text { Actual Hours } & 625 \\ \text { Standard Price } & \$ 22 & \text { Standard Rate } & \$ 15 \\ \text { Actual Price } & \$ 20 & \text { Actual Rate } & \$ 15 \end{array}$ A. Determine the materials price variance and whether it is favourable or unfavourable.
B. Determine the materials usage variance and whether it is favourable or unfavourable.
C. Determine the labour rate variance and whether it is favourable or unfavourable.
D. Determine the labour efficiency variance and whether it is favourable or unfavourable.

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Definitions:

James-Lange Theory

A hypothesis suggesting that emotional experience is the result of physiological responses to external stimuli.

Epinephrine

A hormone and neurotransmitter also known as adrenaline, involved in the body's fight-or-flight response.

Schachter And Singer

Psychologists known for their theory on emotion, suggesting that human emotions are determined by physiological arousal and the cognitive interpretation of that arousal.

Facial Expression

Visible changes in the face that communicate emotional states or reactions to situations.