The Direct Labor Time Required to Produce the First Sailboat

question 22

Multiple Choice

The direct labor time required to produce the first sailboat of a particular model was 3,000 hours.If the company believes that an 80% learning curve applies to the production of this model sailboat,then the direct labor time required to produce the second boat is estimated to be

• A)600 hours.
• B)2,400 hours.
• C)3,600 hours.
• D)4,000 hours.

Understand the relationship between labor efficiency variance and variable overhead efficiency variance.

Calculate material and labor variances based on standard costing.

Understand the basics of standard costing system including its components and calculations.

Calculate and analyze direct material price variances.

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Definitions:

Facial Expressions

Visible manifestations of emotions and feelings through facial movements, serving as important non-verbal communication cues.

Voice and Face

Fundamental aspects of human identity and social interaction, where voice refers to vocal characteristics and communications, and face refers to facial expressions and recognition.

Most Developed

Refers to countries or regions that have achieved the highest levels of industrialization, technological advancement, and standard of living.

Hearing

The ability to perceive sound by detecting vibrations through the ear, an essential sense for communication and awareness of the environment.