I Wear Optometry Determined the Following Variances Had Occurred During

question 43

Multiple Choice

I Wear Optometry determined the following variances had occurred during the month of September:
The company made 1600 pairs of eyeglasses during the month using 2000 direct labour hours.The standard wage rate per hour is $14.50.What is the number of standard hours allowed for one pair of eyeglasses?

• A) 1 hour
• B) 1600 hours
• C) 1 hour 15 minutes
• D) Insufficient data to determine

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Definitions:

Federal Deficit

The financial shortfall when a government's expenditures exceed its revenues within a given fiscal year, leading to increased national debt.

Bill Clinton

The 42nd President of the United States, who served from 1993 to 2001 and was involved in numerous political and social initiatives.

Executive Compensation

Refers to the financial payments and benefits given to senior executives of a company, including salaries, bonuses, stock options, and other perks.

Labor Unions

Organizations that represent workers' interests, negotiating wages, work conditions, and benefits through collective bargaining.