Examlex

Solved

The Litton Company Has Established Standards as Follows

question 109

Multiple Choice

The Litton Company has established standards as follows:

Direct material: 3 pounds per unit $4 per pound = $12 per unit
Direct labor: 2 hours per unit $8 per hour = $16 per unit
Variable manufacturing overhead: 2 hours per unit $5 per hour = $10 per unit

Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased.
The Litton Company has established standards as follows:  Direct material: 3 pounds per unit   $4 per pound = $12 per unit Direct labor: 2 hours per unit   $8 per hour = $16 per unit Variable manufacturing overhead: 2 hours per unit   $5 per hour = $10 per unit  Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased.   The company applies variable manufacturing overhead to products on the basis of standard direct labor-hours. -The variable overhead rate variance is: A) $240 U B) $220 U C) $220 F D) $240 F The company applies variable manufacturing overhead to products on the basis of standard direct labor-hours.
-The variable overhead rate variance is:

Comprehend the impact of gene-environment interactions on mood disorders.
Analyze the influence of cognitive behaviors and patterns on depression.
Grasp the significance of maintaining regular personal routines and relationship stability in managing bipolar disorder.
Understand key demographic trends in marriage and family life.

Definitions:

Self-actualizers' Imperfections

The acknowledgment that individuals striving for self-actualization can possess flaws and limitations despite their pursuit of personal growth.

Maslow

A psychologist best known for creating Maslow's hierarchy of needs, a theory in psychology that ranks human needs in the form of a pyramid.

Conflicts

Occurrences or situations where differing needs, beliefs, or interests lead to opposition or struggle, whether between individuals, groups, or within oneself.

Innate Needs

Fundamental requirements inherent to human beings that are essential for survival and development, such as needs for food, safety, and love.

Related Questions