Midgley corporation makes a product whose direct labor standards are 2.1 hours per unit and $22.00 per hour. in april, the company produced 6,200 units using 12,780 direct labor-hours. the actual direct labor cost was $269,020. the labor rate variance for april is:
(a) $5,280 u
(b) $5,280 f
(c) $5,199 f
(d) $5,308 u

$12,140 Favorable

Not in option

Explanation:

Actual rate per hour of labor = $269,020/12,780 hours = $21.05

Standard Rate provided = $22.00

Labor Rate Variance = (Standard Rate - Actual Rate) Actual Hours

Here, Actual Hours = 12,780

Therefore, Labor Rate Variance = ($22 - $21.05) 12,780

= $12,140 Favorable as actual rate is less than standard rate.

The options provided are not correct.

the interest will be $59.71

hope this

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.