24. Piper Corporation\'s standards call for 1,000 direct labor-hours to produce

Question

24. Piper Corporation's standards call for 1,000 direct labor-hours to produce 250 units of product. During October the company worked 1,250 direct labor-hours and produced 300 units. The standard hours allowed for October would be: a. 1,250 hours b. 1,000 hours c. 1,200 hours d. 1,300 hours Chapter 11: Performance Measurement in Decentralized Organizations 25. A segment of a business responsible for both revenues and expenses would be called: a. a cost center. b. an investment center. c. a profit center. d. residual income.

Explanation / Answer

24 Standard hours allowed for October =1000/250*300 = 1200 Option C is correct 25 A segment of a business responsible for both revenues and expenses would be called A proft center Option C is correct

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