The Standard Labour Price Is $10 Per Hour

question 127

Multiple Choice

The standard labour price is $10 per hour. The standard labour hours required per unit are 3. Last month 400 units were produced and 1,500 hours were used. Actual labour cost was $15,750. What are the direct labour price and efficiency variances? Price variance Efficiency variance

• A)$3,000 U $750 U
• B)$750 U $3,000 U
• C)$750 F $3,000 F
• D)$3,000 F $750 F

Identify and explain attachment styles based on Bowlby and Ainsworth's theory.

Identify Rogers's conditions of worth in real-life situations.

Use Kelly's personal construct theory to explain differences in individual perspectives.

Differentiate between perceived self and organismic self according to Carl Rogers's person-centered theory.

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time or output, commonly expressed as an hourly rate.

Diminishing Marginal Product

The property whereby the marginal product of an input declines as the quantity of the input increases.

Production Function

An equation that describes the relationship between the inputs a firm uses and the output it produces.

Computer Programmers

Individuals who write, test, and maintain the code that allows computer applications and software programs to function properly.