Questions -
Q1. If the internal rate of return exceeds the required rate of return for a project, then the net present value of that project is positive.
True
False
Q2. The following labor standards have been established for a particular product:
Standard labor-hours per unit of output 5.4 hours
Standard labor rate 10.2 per hour
The following data pertain to operations concerning the product for the last month:
Actual hours worked 1000 hours
Actual total labor cost $10600
Actual output 200 units
What is the labor rate variance for the month?
$400 U
$80 U
$400 F
$80 F
What is the labor efficiency variance for the month?
$848 F
$816 F
$416 U
$416 F