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PLEASE HELP ASAP! 4. Management of Wilson, Inc. developed standards under the assumption that a variety of factors may lead to less than perfect performance.
PLEASE HELP ASAP!
4. Management of Wilson, Inc. developed standards under the assumption that a variety of factors may lead to less than perfect performance. Which type of standard was developed? A. Ideal standards B. Actual standards C. Attainable standards D. Questionable standards 9. Scotto Designs has the following standards for the production of scarves: Standard Quantity Standard Price Direct materials 1.2 yards per scarf $4.70 per yard Direct labor 0.15 hours per scarf $11.00 per hour The company used 985 yards of material in order to make 800 scarves in April. The company purchased 1,100 yards at $4.60 per yard. How much is the direct materials quantity variance? A. $110 favorable B. $118 unfavorable C. $8 unfavorable D. $705 unfavorable 18. Master Auto Parts has a standard labor rate of $10.50 per hour. In September, the company produced 10,000 gears using 24,000 labor hours. The company experienced a favorable labor rate variance of $18,000 during September. How much is Master Auto Parts' actual labor rate per hour? A. $9.75 B. $11.25 C. $13.50 D. $7.50Step by Step Solution
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