Epley Corporation Makes a Product with the Following Standard Costs

question 2

Multiple Choice

Epley Corporation makes a product with the following standard costs: In July the company produced 3, 300 units using 12, 240 pounds of the direct material and 2, 760 direct labor-hours.During the month, the company purchased 13, 000 pounds of the direct material at a cost of $35, 100.The actual direct labor cost was $51, 612 and the actual variable overhead cost was $20, 148. 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 rate variance for July is:

• A)$828 F
• B)$828 U
• C)$792 U
• D)$792 F

---

Definitions:

Sunshine

The light and warmth that comes from the sun, essential for life on Earth and influencing weather and climate.

Standard Error of Estimate

A measure of the accuracy of predictions made with a regression line, representing the average distance that the observed values fall from the regression line.

Gas Mileage

The distance a vehicle can travel per unit quantity of fuel.

Truck Speed

The velocity at which a truck is traveling, often monitored for safety and regulatory compliance.