Frogue Corporation Uses a Standard Cost System The Direct Labor Cost Variance Is:
A) $1,310 Favorable

question 54

Multiple Choice

Frogue Corporation uses a standard cost system. The following information was provided for the period that just ended: $\begin{array}{ll}33.00 & \text { Actual price per kilogram } \\11,000 & \text { Actual kilograms of material used } \\\$ 18.20 & \text { Actual hourly labor rate } \\4,900 \text { labor hours } & \text { Actual hours of prochuction }\\\$ 2.80 & \text { Standard price per kilogram } \\6 \text { kilograms } & \text { Standard kilograms per completed urit } \\\$ 18.00 & \text { Standard hourly labor rate } \\1 \text { hr. } & \text { Standard time per completed urit } \\\$ 34,900 & \text { Actual total factory overhead } \\\$ 18,000 & \text { Actual Fixed factory overhead }\\\$ 1.20 \text { per labor hour } & \text { Standard fixed factory overhead rate } \\\$ 3.80 \text { per labor hour } & \text { Standard variable factory overhead rate } \\15,000 \text { hours } & \text { Maximum plant capacity } \\5,000 & \text { Units completed chringthe period }\end{array}$
The direct labor cost variance is:

• A) $1,310 favorable.
• B) $820 favorable.
• C) $1,310 unfavorable.
• D) $820 unfavorable.

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Definitions:

Annual Return

The percentage gain or loss on an investment over a one-year period, including dividends and capital gains.

Vincent Van Gogh

A Dutch post-impressionist painter known for his influence on the history of Western art with his vivid paintings.

Investment

Investment refers to the act of allocating resources, usually money, with the expectation of generating an income or profit.

Retirement Account

A financial account designed for saving funds to be used during an individual's retirement years, often offering tax benefits.