A Company Had a $22,000 Favorable Direct Labor Efficiency Variance

question 36

Multiple Choice

A company had a $22,000 favorable direct labor efficiency variance during a time period when the standard rate per direct labor hour was $22 and the actual rate per direct labor hour was $21.If the standard direct labor hours allowed for production were 5,000,what is the amount of actual direct labor hours worked during this period?

• A) 6,000 hours
• B) 4,000 hours
• C) 88,000 hours
• D) 110,000 hours
• E) 22,000 hours

Grasp the inevitability of unemployment in a complex economy.

Understand the relationship between full employment and a country's GDP.

Acknowledge the factors that determine a country's standard of living including employment levels.

Recognize the criteria used by the Bureau of Labor Statistics to categorize the labor force.

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Definitions:

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Situationism

A theory in psychology that suggests human behavior is largely determined by situational factors, rather than internal traits.

Personality Traits

Enduring characteristics that describe an individual's behavior.

Walter Mischel

A psychologist known for his research on personality theory and cognitive-affective models of behavior, including the famous marshmallow test on delayed gratification.