Jaxson Corporation Has the Following Data Related to Direct Labor

question 115

Multiple Choice

Jaxson Corporation has the following data related to direct labor costs for September: actual costs are 10,200 hours at $15.75 per hour and standard costs are 10,800 hours at $15.50 per hour.​What is the direct labor time variance?

• A) $9,300 favorable
• B) $9,300 unfavorable
• C) $9,450 favorable
• D) $9,450 unfavorable

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Definitions:

Human Capital

The aggregate of abilities, expertise, and non-material assets held by people that can generate economic benefits for themselves, their employers, or their society.

Ethical Behavior

Acting in ways consistent with what society and individuals typically think are good values, such as honesty, fairness, and integrity.

Working Independently

The ability to perform tasks and make decisions without direct supervision, often implying self-motivation and discipline.

Definition Of Jobs

Detailed descriptions of the roles, responsibilities, expectations, and parameters of a specific position within an organization.