Majenta Company Uses a Standard Costing System

question 42

Multiple Choice

Majenta Company uses a standard costing system.The following information pertains to direct labor costs for February: ?

-How many actual labor hours were worked during February for Majenta Company?

• A) 6,300 hours
• B) 9,000 hours
• C) 4,200 hours
• D) 7,500 hours

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Definitions:

State University

A public university that is primarily funded by a state government.

Vesting

The process by which an individual acquires the right to a certain benefit or asset, often used in relation to pension plans and stock options.

Assents

Expressions of approval or agreement.

Obligee

A party who is entitled to receive a benefit or performance from another under the terms of a contract.