Given the following information for Direct Labor: Standard Hours = 8.00 Standard Rate of Pay = $15.00/hr Actual Hours = 6.00 Actual Rate of Pay = $17.00/hr What is the DL Rate of Pay (or Wage) Variance? Select one: O a. $12.00 Unfavorable O b. ($12.00) Favorable O c. $16.00 Unfavorable O d. ($16.00) Favorable You need 50,000 pounds of plastic next month for production. Estimated Beginning Inventory is 6,000 pounds Desired Ending Inventory is 10,000 pounds How many pounds of plastic do you need to order? Select one: O a. 54,000 pounds O b. 46,000 pounds O c. 50,000 pounds O d. 66,000 pounds O e. 34,000 pounds When a Job Order is done, it "leaves" Work in Process. The journal entry will be.... Dr. (???????) $x Cr. Work in Process $x What account will you debit? Select one: O a. Finished Goods Inventory O b. Cost of Goods Sold O c Sales Revenue O d. Accounts Receivable O e. Manufacturing Overhead Given the following information: $400,000 Current Assets $1,600,000 Total Assets $200,000 Current Liabilities $1,200,000 Total Liabilities What is your company's Working Capital? Select one: O a. $200,000 O b. ($200,000) O c. $400,000 O d. ($400,000) O e. $1,400,000 O f. ($1,400,000)