The following labor standards have been established for a particular product: Standard labor-hours per unit of output 8.1 hours
Standard labor rate $14.40 per hour

The following data pertain to operations concerning the product for the last month:

Actual hours worked 8,700 hours
Actual total labor cost $129,195
Actual output 1,000 units

What is the labor rate variance for the month?

a. $3,915 U
b. $450 U
c. $3,915 F
d. $450 F

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.

Partnerships are the most common type of business firms in the world. t/f

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are: