The Following Data Relate to Direct Labor Costs for the Current

question 104

Multiple Choice

The following data relate to direct labor costs for the current period of Executive Inc.: $\begin{array}{lrr} \text {6,000 hours at \( \$12.00 \) } & \text { Standard costs } \\ \text {7,500 hours at \( \$ 11.60 \) } & \text { Actual costs } \\\end{array}$

Refer to the information provided for Executive Inc. What is the direct labor rate variance?

• A) $3,000 unfavorable
• B) $3,000 favorable
• C) $2,400 unfavorable
• D) $2,400 favorable

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Definitions:

Collaborative

Involving two or more parties working together towards a common goal or objective, often emphasizing teamwork and partnership.

Preventative Models

Strategies or frameworks designed to avert problems or diseases before they occur, emphasizing proactive health management.

Acute Care

Acute care involves short-term medical treatment, typically in a hospital setting, for patients experiencing severe, often sudden health problems or injuries.

Expensive Healthcare

The high cost associated with medical services and treatments, often leading to financial strain for individuals and healthcare systems.