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:

Thomas Paine

An influential political writer and revolutionary of the 18th century, known for works like "Common Sense" and "The Rights of Man."

Independence

The condition of a nation, country, or state which exercises self-government, and sovereignty, over the territory and its population.

Continental Association

Was a system created by the First Continental Congress in 1774 for implementing a trade boycott with Great Britain, aiming to pressure Britain to redress colonial grievances.

Trade With Great Britain

Economic exchanges between entities in Great Britain and other countries or colonies, historically significant during periods like the colonial era and the Industrial Revolution.