Assume that you are trying to decide between watching a movie at the local theatre or renting a movie at condo and watching it on your own television. After watching the movie at your chosen venue, you plan to order mexican food to be delivered to your condo. Regarding the decision at hand, the cost of renting a movie at your condo is a: Garrison 17e Multiple Choice joint cost. future cost that does not differ between the alternatives. differential cost. sunk cost.

pt 2

Assume the following information appears in the standard cost card for a company that makes only one product:

	Standard Quantity or Hours		Standard Price or Rate		Standard Cost
Direct materials	5	pounds	$ 11.00	per pound	$ 55.00
Direct labor	2	hours	$ 17.20	per hour	$ 34.40
Variable manufacturing overhead	2	hours	$ 3.00	per hour	$ 6.00

During the most recent period, the following additional information was available:

• 20,000 pounds of material was purchased at a cost of $10.50 per pound.
• All of the material that was purchased was used to produce 3,900 units.
• 8,000 direct labor-hours were recorded at a total cost of $132,000.

What is the direct labor efficiency variance?

Garrison 17e Rechecks 2020-09-29

Multiple Choice

• $3,300 U

• $3,440 U

• $3,440 F

• $3,300 F