The Standard Costs and Actual Costs for Direct Materials, Direct

question 73

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) $1,180 favorable
• B) $1,140 unfavorable
• C) $1,180 unfavorable
• D) $1,140 favorable

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Definitions:

Cognitive Psychology

A branch of psychology that studies mental processes including how people think, perceive, remember, and learn.

Problem Solving

The process of identifying a problem, generating possible solutions, and implementing a solution.

Neo-Freudians

Psychologists who were influenced by and extended Freud's theories, typically focusing more on social and environmental factors.

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.