Efficient Corporation Uses a Standard Cost System Refer to the Information Provided for Efficient Corporation

question 99

Multiple Choice

Efficient Corporation uses a standard cost system. The following information was provided for the period that just ended: $\begin{array}{ll}\$ 11.75 & \text { Actual price per gallon } \\5,000 & \text { Actual gallons of material used } \\\$ 17.00 & \text { Actual hourly labor rate } \\24,300 & \text { Actual hours of prochuction } \\\$ 12.00 & \text { Standard price per gallon } \\1 / 2 & \text { Standard gallons per completed urit } \\\$ 12.00 & \text { Standard hourly labor rate } \\3 \mathrm{hrs} . & \text { Standard time per completed urit } \\9,000 & \text { Units completed churingthe period }\end{array}$ Refer to the information provided for Efficient Corporation. The total direct labor variance is:

• A) $216,000 favorable.
• B) $32,400 favorable.
• C) $89,100 unfavorable.
• D) $121,500 unfavorable.

Recognize the role of psychophysics in consumer perception and its application in marketing strategies.

Identify the importance of trade dress and color codes in brand identity and consumer recognition.

Comprehend how the sensory receptors, including the olfactory system, contribute to the perceptual process.

Explain how visual and haptic cues affect consumer experience and behavior.

---

Definitions:

Direct Investment

A form of investment where a company or individual acquires a controlling interest in a foreign business entity, often by purchasing its assets or shares.

Car-Manufacturing Facilities

Factories or plants where automobiles are produced, involving assembly lines and complex machinery.

American Labor

Workforce or labor force in the United States, often focusing on aspects related to employment conditions, rights, and unions.

Direct Investment

A type of foreign investment where a company or individual establishes a business or acquires tangible assets in another country.