Welch Company Budgeted the Following Cost Standards for the Current

question 84

Multiple Choice

Welch Company budgeted the following cost standards for the current year: Direct materials = 1.40 kilograms per unit @ $1.50 per kilogram
Direct labour = 0.75 hours per unit @ $6 per hour
Actual production and costs were as follows:
Units produced = 2,800
Direct materials used = 4,500 kg.
Direct materials purchased = 5,000 kg. @ a cost of $5,850
Direct labour incurred = 2,000 hours at a cost of $13,000
The labour efficiency variance was:

• A)$600 F
• B)$400 U
• C)$4,800 F
• D)$1,000 U

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Definitions:

Stereotypes

Oversimplified and generalized beliefs about a particular group, often leading to prejudiced attitudes and behaviors.

Negative Stereotypes

Unfair and oversimplified beliefs or ideas about a group of people, typically leading to prejudicial attitudes and discrimination.

Social Interaction

The process by which individuals act and react in relation to others, shaping social relationships and society.

Social Zone

A concept referring to a region or area within a society that shares similar social characteristics or interactions, which can influence the behavior of its members.