The Following Spreadsheet Shows Demand and Booking Data for Toretto

question 72

Multiple Choice

The following spreadsheet shows demand and booking data for Toretto Car Rentals.Use the spreadsheet to answer the question(s) below.
-What is the total number of overbooked customers?

• A)0
• B)10
• C)15
• D)25

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Definitions:

Actual Fixed Overhead Costs

Actual fixed overhead costs are the incurred expenses that do not vary with the level of production or sales, such as rent and salary of permanent staff.

Budgeted Fixed Manufacturing Overhead

The estimated total fixed costs required for the manufacturing process, planned in advance for a specific period.

Materials Price Variance

The difference between the actual cost of materials used in production and the budgeted or standard cost, indicating how effectively a company controls its material costs.

Standard Costs

Predetermined costs for materials, labor, and overhead that are used for budgeting and cost control purposes.