The Standard Costs and Actual Costs for Direct Materials,direct Labor,and

question 111

Multiple Choice

The standard costs and actual costs for direct materials,direct labor,and factory overhead for the manufacture of 2,500 units of product are as follows:

The amount of the direct labor time variance is

• A)$1,200 favorable.
• B)$1,140 unfavorable.
• C)$1,200 unfavorable.
• D)$1,140 favorable.

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Definitions:

Distinctive Competencies

Unique strengths or advantages that distinguish an organization from its competitors, often contributing to superior performance.

Knowledge Competencies

The blend of skills, abilities, and expertise that individuals or organizations possess, which are essential for effective performance.

Skills Development

The enhancement of an individual's job-related skills and capabilities through training and education.

High-Potential Employees

Individuals recognized for their ability, engagement, and aspiration to rise to and succeed in more senior positions within an organization.