Given the Following Information in Standard Costing What Is the Labor Rate Variance?
A) $3,160 Favorable

question 89

Multiple Choice

Given the following information in standard costing:
$$\begin{array} { | l | l | } \hline \text { Standard } & 16,000 \text { hours at } \$ 4.00 \\\hline \text { Actual } & 15,800 \text { hours at } \$ 4.20 \\\hline\end{array}$$ What is the labor rate variance?

• A) $3,160 favorable.
• B) $3,160 unfavorable.
• C) $2,360 favorable.
• D) $2,360 unfavorable.

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Definitions:

Human Flexibility

The capacity of individuals to adapt physically, mentally, and socially to various conditions and changes in their environment.

Change Bodies

Refers to the idea of altering one's physical form, potentially in the context of medical, technological, or speculative fiction scenarios.

Total Institutions

Are settings in which people are isolated from the larger society and under the strict control and constant supervision of a specialized staff.

Institutional Settings

Environments or contexts defined by established organizations or structured systems where specific rules, practices, and cultures are maintained.