Beluga Corp

question 160

Essay

Beluga Corp.has developed standard costs based on a predicted operating level of 352,000 units of production,which is 80% of capacity.Variable overhead is $281,600 at this level of activity,or $0.80 per unit.Fixed overhead is $440,000.The standard costs per unit are: Beluga actually produced 330,000 units at 75% of capacity and actual costs for the period were: Calculate the following variances and indicate whether each variance is favorable or unfavorable:
(1)Direct labor efficiency variance: $__________________
(2)Direct materials price variance: $__________________
(3)Controllable overhead variance: $__________________

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Definitions:

Expectancy Effect

The influence of the researcher's or participant's expectations on the outcome of an experiment or study.

Performance-Based Personality Tests

Evaluations designed to assess personality traits through the analysis of behaviors in specific tasks or situations, rather than through self-report questionnaires.

Narcissism

A personality trait or disorder characterized by an exaggerated sense of self-importance, need for admiration, and lack of empathy for others.

I Data

Information or data that is subjective and often derived from personal judgments and opinions, typically used in the context of psychological assessments.