MENU
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?
Suggested Answer: C
Get Premium CIMAPRA17-BA2-1 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
7 comments · newest first
JO
Jonelle
12 months ago
Definitely not D, we worked 18,500 hours.
MA
Mabel
1 year ago
Really? 1,450 seems way too low.
ST
Stevie
1 year ago
Wait, how can we have a favorable variance with that many hours?
MI
Miles
1 year ago
I think the answer is B, 19,950 hours!
DE
Devora
1 year ago
Standard cost is $6 per hour.
AL
Alberto
1 year 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.
AR
Ariel
1 year ago
I'd lean towards C - the recommendations should outline specific steps to prevent future fraud and improve internal controls.