Epley Corporation Makes a Product with the Following Standard Costs

question 40

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

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Definitions:

Power

The capability to guide or affect the actions of people or the direction of happenings.

Knowledge

Information, understanding, or skill that one gets through experience or education; the theoretical or practical understanding of a subject.

Foucault

Michel Foucault, a French philosopher known for his studies on power, social institutions, and the relationship between knowledge and control.

Queer Theory

An analytical framework that explores the categorization of gender and sexuality, highlighting the fluidity and social constructions of these concepts.