Figure 11-4

question 14

Multiple Choice

Figure 11-4. Kris Company calculates its predetermined rates using practical volume,which is 325,000 units.The standard cost system allows 3 direct labor hours per unit produced.Overhead is applied using direct labor hours.The total budgeted overhead is $4,260,000,of which $994,000 is fixed overhead.The actual results for the year are as follows:
Refer to Figure 11-4.Calculate the variable overhead spending variance.

• A)$69,250 U
• B)$69,250 F
• C)$24,000 U
• D)$40,000 F
• E)none of these

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Definitions:

Limited Partnership

A business structure where one or more partners have limited liabilities and responsibilities, and at least one partner is a general partner with unlimited liability.

Independent Entity

An organization or body that operates independently from other organizations or governments, with its own set of rules and governance.

Data Security

Measures and practices implemented to protect digital data from unauthorized access, corruption, or theft.

Collecting Judgments

The process of obtaining the money awarded by a court decision from the debtor.