Eliezrie Corporation Makes a Product with the Following Standard Costs

question 175

Multiple Choice

Eliezrie Corporation makes a product with the following standard costs: In January the company's budgeted production was 7, 400 units but the actual production was 7, 500 units.The company used 45, 580 kilos of the direct material and 2, 030 direct labor-hours to produce this output.During the month, the company purchased 48, 500 kilos of the direct material at a cost of $53, 350.The actual direct labor cost was $18, 473 and the actual variable overhead cost was $7, 714. 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 January is:

• A)$2, 200 U
• B)$2, 002 F
• C)$2, 200 F
• D)$2, 002 U

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Definitions:

Weight Concerns

Issues or anxieties an individual may have regarding their body weight, often related to fears of being overweight or underweight and the societal pressures surrounding body image.

Eating Disorder

Disorders characterized by abnormal or disturbed eating habits which negatively impact a person's health and well-being.

Trauma Exposure

The experience of having witnessed or undergone a traumatic event, which can lead to mental health disorders like PTSD.

Binge Eating

Engaging in episodes of excessive eating within a discrete period of time, often described as feeling a loss of control over one's eating behavior.