Tout Corporation Makes a Product That Has the Following Direct

question 57

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 efficiency variance for October is:

• A)$872 F
• B)$872 U
• C)$880 U
• D)$880 F

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Definitions:

Natural Experiment

An observational study in which an event or a policy affects the variables of interest, allowing researchers to study outcomes without manipulating the study environment.

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A decrease in the cost of gasoline, which can affect consumer spending, travel behavior, and the overall economy.

Lab Experiments

Controlled experiments carried out in a laboratory setting to investigate relationships between variables.

Scientist's Objectivity

The principle of conducting research and experimentation without bias, personal or otherwise, aiming for unprejudiced findings based solely on facts and evidence.