Jack's Jet Ski Manufacturing has a standard labor rate of $15 per labor hour. Each jet ski has a standard labor time of 3 hours. During June, the firm manufactured 10,873 jet skis using 31,900 hours at an actual cost of $465,120.What are the standard labor hours that were allowed for the month of June?

		10,873
		32,619
		31,900
		16,310

Jack's Jet Ski Manufacturing has a standard labor rate of $15 per labor hour. Each jet ski has a standard labor time of 3 hours. During June the firm manufactured 10,873 jet skis using 31,900 hours at an actual cost of $465,120.What is the direct labor efficiency variance for the month of June?

		$2,157 unfavorable
		$10,785 favorable
		$2,157 favorable
		$10,785 unfavorable

Department A has $400,000 of assets. The past year it earned $39,000 in department income. If the required return is 8%, what is the residual income?

		$32,000
		$4,000
		$7,000
		$3,120