Dem Mfg Has Gathered the Following Data in Preparing to Record

question 118

Multiple Choice

Dem Mfg. has gathered the following data in preparing to record their direct labour payroll costs for the week: Actual hours worked 18,500
Standard hours allowed 20,000
Total direct labour variance $8,300 F
Direct labour price variance $3,700 U
The actual direct labour price was:

• A)$8.00
• B)$8.20
• C)$9.10
• D)$7.80

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Definitions:

Financial Misdeeds

Wrongful or illegal actions involving the misuse or mismanagement of financial resources.

Investors

Entities or persons who invest resources anticipating a financial gain in return.

Social Responsibility

The practice of producing goods and services in a way that is not harmful to society or the environment and actively contributing to the well-being of global and local communities.

Charitable Contributions

Donations made by individuals or organizations to charitable causes for altruistic purposes.