Tout Corporation Makes a Product That Has the Following Direct

question 35

Multiple Choice

Tout Corporation makes a product that has the following direct labor standards: The company budgeted for production of 6, 400 units in October, but actual production was 6, 500 units.The company used 610 direct labor-hours to produce this output.The actual direct labor rate was $21.80 per hour. The labor rate variance for October is:

• A)$122 U
• B)$130 F
• C)$122 F
• D)$130 U

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Definitions:

Family Business

Owned and controlled by family members.

Financial Success

The achievement of financial goals and stability, often measured by wealth accumulation, income, or the ability to finance one's desired lifestyle.

Common Goal

A shared objective or aim pursued by a group or team.

Risk-taking Individual

is a person who is willing to undertake actions that involve uncertainty or risk in order to achieve potentially significant results.