Grant Couses the Following Standard to Produce a Single Unit of of Its

question 16

Multiple Choice

Grant Co.uses the following standard to produce a single unit of its product: Variable overhead (2 hrs.per unit @ $4/hr. ) Actual data for the month show total variable overhead costs of $190,000,and 23,000 units produced.The total variable overhead variance is:

• A)$6,000F.
• B)$6,000U.
• C)$78,000U.
• D)$78,000F.
• E)$0.

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Definitions:

Statistically Significant

A result that is unlikely to have occurred by chance alone, according to a predefined threshold in a statistical test.

Convenience Sample

A sampling technique where participants are selected based on their easy availability and proximity to the researcher.

Representative

An individual or entity chosen or appointed to act or speak on behalf of others.

Random

Lacking any definite plan, purpose, or pattern, often used to describe events or selections made without a predictable outcome.