Serenity Equestrian Corporation Produces High-Quality Leather Saddles -Refer to the Figure

question 58

Multiple Choice

Serenity Equestrian Corporation produces high-quality leather saddles. The company has a standard cost system and has set the following standards for materials and labour:
During the year, Serenity Equestrian Corporation produced 150 saddles. Actual leather purchased was 3,100 strips at $12 per strip. There were no beginning or ending inventories of leather. Actual direct labour was 2,500 hours at $16 per hour.
$\begin{array}{lll}\text {Leather (20 strips@ \( \$ 15 \) per strip) }&\$300\\\text {Direct labour ( 15 hours \( @ \$ 15 \) per hour) }&225\\\text {Total prime cost }&\$252\\\end{array}$

-Refer to the Figure.What are the labour rate variance and the labour efficiency variance,respectively?

• A)$2,250 U and $4,000 U
• B)$2,250 F and $4,000 F
• C)$2,500 U and $3,750 U
• D)$2,500 F and $3,750 F

Understand the consequences of social movements on policy and societal change.

Identify the significance of unionization and its comparison across different countries.

Understand the concept of social control and its outcomes on societal behaviors and protests.

Recognize the challenges and tactics in mobilizing protests and the role of resources, elite authority, and frame alignment in this process.

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Definitions:

Goal Setting

The process of identifying specific objectives, determining a plan for achieving those objectives, and establishing measurable goals.

Achievement

A measure of success or proficiency in performing tasks, often determined by reaching certain established criteria.

Track Records

Histories or records of performance or achievements, often used to assess reliability or competence.

Personal Strivings

An individual's efforts to achieve personal goals that express their self-identity.