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CIMAPRA17-BA2-1 Exam - Topic 1 Question 1 Discussion

GB Limited operates a standard costing system. During the month 18,500 labour hours were worked at a standard cost of $6 per hour. The labour efficiency variance was $8,700 favourable.How many standard hours were produced?
C) 17,050
A) 1,450
B) 19,950
D) 18,500

CIMAPRA17-BA2-1 Exam - Topic 1 Question 1 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 1
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

GB Limited operates a standard costing system. During the month 18,500 labour hours were worked at a standard cost of $6 per hour. The labour efficiency variance was $8,700 favourable.

How many standard hours were produced?

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Suggested Answer: C

by Maryann at May 07, 2022, 12:43 PM

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Jonelle
9 months ago
Definitely not D, we worked 18,500 hours.
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Mabel
9 months ago
Really? 1,450 seems way too low.
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Stevie
9 months ago
Wait, how can we have a favorable variance with that many hours?
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Miles
9 months ago
I think the answer is B, 19,950 hours!
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Devora
9 months ago
Standard cost is $6 per hour.
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Alberto
10 months ago
Okay, 2 weeks to complete the whole process - that's tight, but I think I can manage it if I plan my time wisely.
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Ariel
10 months ago
I'd lean towards C - the recommendations should outline specific steps to prevent future fraud and improve internal controls.
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