Biery Corporation Makes a Product with the Following Standard Costs

question 70

Multiple Choice

Biery Corporation makes a product with the following standard costs: The company produced 4, 100 units in April using 5, 380 liters of direct material and 2, 610 direct labor-hours.During the month, the company purchased 6, 000 liters of the direct material at $5.80 per liter.The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $2.90 per hour. The company applies variable overhead on the basis of direct labor-hours.The direct materials purchases variance is computed when the materials are purchased.
The labor efficiency variance for April is:

• A)$2, 850 F
• B)$2, 850 U
• C)$2, 970 F
• D)$2, 970 U

Compare and contrast the roles of positive reinforcement, negative reinforcement, and punishment in shaping behavior.

Recognize the significance of biological constraints on learning.

Interpret the practical applications of behavior modification techniques.

Understand the concepts of prejudice and discrimination and their differences.

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Definitions:

Nonexcludable

Describes a good or service for which it is not possible to prevent people who have not paid from consuming or using it, such as public parks or street lighting.

Efficiency

The optimal allocation of resources to maximize the desired outputs while minimizing waste or unnecessary effort.

Nationally Franchised

Businesses that operate under a licensing agreement allowing them to sell products or services under a national company's brand and operational model.

Uninformed Consumers

Consumers lacking sufficient information about products or services to make knowledgeable decisions.