Griffen Corporation Uses a Standard Costing System

question 136

Multiple Choice

Griffen Corporation uses a standard costing system.Information for the month of May is as follows: The factory overhead rate is based on a normal volume of 12,000 direct labor hours.Standard cost data at 12,000 direct labor hours were as follows:
What is the variable overhead efficiency variance for Griffen?

• A)$2,000 U
• B)$8,000 U
• C)$4,000 U
• D)$20,000 U

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Definitions:

Interest Rate Risk

Interest rate risk refers to the potential for investment losses that result from a change in interest rates, affecting the value of interest-bearing assets like bonds.

Default Risk

The risk that a borrower fails to make required payments on their debt obligations, leading to financial losses for the lender.

Interest Rate Risk

The potential for investment losses due to fluctuations in interest rates, affecting the value of interest-bearing assets like bonds.