Lian Corporation's Standard Wage Rate Is $12

question 21

Multiple Choice

Lian Corporation's standard wage rate is $12.10 per direct labor-hour (DLH) and according to the standards, each unit of output requires 7.1 DLHs. In June, 4,500 units were produced, the actual wage rate was $11.90 per DLH, and the actual hours were 35,930 DLHs.
-The Labor Rate Variance for June would be recorded as a:

• A) credit of $6,390.
• B) credit of $7,186.
• C) debit of $7,186.
• D) debit of $6,390.

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Definitions:

Ego Integrity

A term from Erikson's theory of psychosocial development referring to the final stage, where one reviews their life and if satisfied, achieves a sense of completeness and fulfillment.

Despair

An intense state of sadness or loss, often experienced during difficult or dark times.

Late Adulthood

A stage of life generally considered to start in the 60s or 70s, characterized by both the culmination of life's work and challenges such as physical decline and loss.

Body Transcendence

The ability to rise above bodily concerns or limitations, often associated with aging or spirituality.