Griffen Corporation Uses a Standard Costing System

question 107

Multiple Choice

Griffen Corporation uses a standard costing system.Information for the month of May is as follows: The 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 fixed overhead spending variance for Griffen?

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

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Definitions:

Tech Support

A service provided by companies to help customers solve technical problems or issues related to their products or services.

Time-Driven

Refers to processes or activities that are scheduled or executed based on the passage of time.

Customer Support

A service provided by companies to assist customers with their products or services, aiming to resolve issues and improve customer satisfaction.

Time-Driven

An approach or method that calculates costs or processes based on the time required to complete them.