Taccone Corporation Makes a Product That Has the Following Direct

question 60

Multiple Choice

Taccone Corporation makes a product that has the following direct labor standards: In February the company produced 4, 100 units using 1, 120 direct labor-hours.The actual direct labor rate was $20.40 per hour. The labor rate variance for February is:

• A)$448 U
• B)$448 F
• C)$492 U
• D)$492 F

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business's operating cycle, whichever is longer.

Financing Cash Flow

Cash flow that is related to the financing of a company's operations, including debt, equity, and dividends.

Common Stock

A form of financial security that denotes part ownership in a company and entails a stake in the company's earnings or deficits.