Tiger, Inc

question 4

Essay

Tiger, Inc. has developed the following standard cost data based on 60,000 direct labor hours, which is 75% of capacity.
During the last period, the company operated at 80% of capacity and produced 128,000 units. Actual costs were:
Determine the direct materials price and quantity variances and the direct labor rate and efficiency variances. Indicate whether each variance is favorable or unfavorable.

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Definitions:

Democratic Elitism

A theory that democracy is inevitably ruled by a small number of elites or expert leaders despite the participation of the broader populace.

Elite Democrats

Influential members within the Democratic Party known for their power, status, or wealth.

Public Opinion

The collective attitudes, beliefs, or views of the adult population regarding issues or subjects of public interest.

Agents of Political Socialization

Individuals, institutions, and experiences that contribute to and influence the political beliefs and values of individuals, such as family, schools, and media.