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:

Chairs Repaired

A metric indicating the number of chairs fixed or restored to their original condition, often used in furniture repair businesses to track productivity.

Performance Report

A document or tool that evaluates and details the performance of an entity, project, or employee against expected or predefined objectives.

Activity Variances

Differences between planned activity levels and actual activity levels, often analyzed in managerial accounting to control costs.

Customers Served

The number or segment of consumers who have been provided with products or services by a business within a specific timeframe.