The Following Data Relate to Direct Labor Costs for February

question 8

Multiple Choice

The following data relate to direct labor costs for February: What is the direct labor rate variance?

• A) $14,000 favorable
• B) $14,000 unfavorable
• C) $15,400 favorable
• D) $15,400 unfavorable

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Definitions:

Economic Development

The process of improving the economic well-being and quality of life for a community or country by increasing income, reducing poverty, and managing sustainable growth.

Fertility Rates

The average number of children that would be born to a woman over her lifetime, given current birth rates.

Core Countries

Nations that dominate trade, control the most advanced technologies, and have high levels of productivity within diversified economies.

Peripheral Countries

Nations that are less economically developed with lower standards of living, often exploited and dominated by more developed countries in the global economy.