Bear Company Uses a Standard Costing System -Refer to the Figure

question 161

Multiple Choice

Bear Company uses a standard costing system. The following information pertains to direct labour costs for the month of March:
$$\begin{array} { l l } \text { Standard direct labour rate per hour } & \$ 15.00 \\\text { Actual direct labour rate per hour } & \$ 13.50 \\\text { Labour rate vari ance } & \$ 18,000 \text { favourable } \\\text { Actual output } & 1,000 \text { units } \\\text { Standard hours allowed for actual production } & 10,000 \text { hours }\end{array}$$
-Refer to the Figure.How many actual labour hours were worked during March for Bear Company?

• A)1,200 hours
• B)2,000 hours
• C)10,000 hours
• D)12,000 hours

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Definitions:

Personal Representative

An individual appointed to manage and distribute the estate of a deceased person in accordance with their will or state law.

Bond

A long-term debt security that is secured by collateral.

Estate Value

The total net worth of an individual's assets at the time of their death, after deducting debts and liabilities.

Joint Tenants

Co-owners of property who have equal shares and rights in the property, with a right of survivorship.