Acting Company Has the Following Information Required:
A

question 169

Essay

Acting Company has the following information: $$\begin{array} { l l l } \text { Direct Materials: } & \text { Direct Labour: } & \\\text { Standard Quantity 11,000 } & \text { Standard Hours } & 3,000 \\\text { Actual Quantity 13,000 } & \text { Actual Hours } & 2,875 \\\text { Standard Price } \$ 15 & \text { Standard Rate } & \$ 12 \\\text { Actual Price } \$ 13 & \text { Actual Rate } & \$ 13\end{array}$$ Required:
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:

Nursing Theory

A conceptual framework designed to guide nursing practice and research by explaining and predicting phenomena in nursing care.

External Influences

Factors outside an individual or organization that affect behaviors, decisions, and outcomes.

Magnet Hospital

A designation for hospitals that satisfy a set of criteria designed to measure the strength and quality of their nursing.

Theoretical Model

A systemic representation designed to explain, predict, or understand a concept, phenomenon, or relationship.