Cabot Company Collected the Following Data Regarding Production of One

question 176

Multiple Choice

Cabot Company collected the following data regarding production of one of its products. Compute the direct labor rate variance.

• A) $53,500 unfavorable.
• B) $40,500 favorable.
• C) $53,500 favorable.
• D) $13,000 unfavorable.
• E) $40,500 unfavorable.

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Definitions:

External Environment

The outside factors and forces that can affect the operations, success, and strategy of a business or organization, including economic, legal, and socio-cultural elements.

Internal Change

This refers to modifications within an organization that can affect structures, processes, strategies, or personnel.

Flexible Work Arrangement

Work schedules that allow employees flexibility in choosing where or when they complete their tasks to balance work and personal responsibilities.

Human Capital

Represents the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization.