The standard rate of pay is $10 per direct labor hour. If the actual direct labor payroll was $39.200 for 4,000 direct labor hours worked, the direct labor price rate) variance is Select one: a $1,000 U. b. $ 800 F. c. $1,000 d. $ B00U. Opportunity cost must be considered in decisions involving: Select one: a. Resources that have alternative uses. O b. Budgeting. c. Financial accounting. d. Cost-volume-profit analysis. A pottery company produced 2,000 clay pots during the month of May. The following information is available concerning standards and actual during that time period Direct Materials: Standard Cost Per Unit Total Actual Cost 11,200 Standard Total Cost Allowed For Units Produced 12.000 Quantity Variance Direct Labor: Standard Quantity of Hours Allowed Per Unit Produced Standard Cost Per Hour Actual Cost Per Hour Efficiency Variance What is the direct labor price frate) variance? Select one: a. $186 F b. 5486 F c. 5672 U. d. $486 U. The difference between fixed manufacturing overhead budgeted and fixed manufacturing overhead applied is the: Select one: a. Fixed manufacturing overhead controllable variance, b. Fixed manufacturing overhead spending variance. c. Fixed manufacturing overhead volume variance. d. Fixed manufacturing overhead efficiency variance. A profit center is: Select one: a. Evaluated by the rate of return earned on the investment allocated to the center. O b. A responsibility center that always reports a profit. c. Referred to as a loss center when operations do not meet the company's objectives. d. A responsibility center that incurs costs and generates revenues. The manager of an investment center can improve ROI by increasing: Select one: a. Average operating assets. O b. Controllable margin. c. Controllable fixed costs. O d. Variable costs. A company is considering diminating a product Ine. The feed costs currently located to the product line will be alocated to other product lines upon discontinuance. If the product line is discontinued Select one: a. The company's totaled costs wil decrease b. The contribution margin of the product line wil indicate the net income increase or decrease Total income will decrease by the amount of the product lines fed costs d. Totale income will increase by the amount of the product lines fed costs The following information is available for a company. Average operating assets 500,000 Controllable income 70,000 Contribution margin 100,000 Minimum rate of return 12% The company's residual income, using controllable income as the income measure, is: Select one: a. $40,000. O b. $30,000. O c. $70,000. d. $10,000