Continuing Ultimate U-Bolts Above. Which Is True

question 12

Multiple Choice

Continuing Ultimate U-bolts above. Which is true?

• A)The workers were efficient because UU saved $825 overall
• B)The workers were efficient because they used 210 fewer hours than allowed
• C)The direct labor efficiency variance is $3,780 U
• D)The direct labor efficiency variance cannot be calculated from the information provided
• E)None of the above

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Definitions:

Beginning Inventory

The value of a company's inventory at the start of an accounting period, crucial for calculating the cost of goods sold.

Cost of Goods Sold

This accounting term refers to the direct costs attributable to the production of the goods sold by a company, including labor, material, and overhead costs.

Rising Prices

A situation in which the general level of prices for goods and services in an economy increases over a period, often referred to as inflation.

Inventory Method

A system used by businesses to keep track of the quantity, status, and location of goods that they hold.