Genesis Company Genesis Company Uses a Standard Cost System for Its

question 137

Multiple Choice

Genesis Company Genesis Company uses a standard cost system for its production process and applies overhead based on direct labor hours.The following information is available for September when Genesis produced 5,000 units:
$\begin{array}{ll}\text { Standard: }\\\text { DLH per unit } & 3.00\\\text { Variable overhead per DLH } & \$ 1.80 \\\text { Fixed overhead per DLH } & \$ 3.25 \\\text { Budgeted variable overhead } & \$ 27,250\\\text { Budgeted fixed overhead } & \$ 49,500\\\\\text { Actual: }\\\text {Direct labor hours }&16,000\\\text { Variable overhead}&\$31,325\\\text { Fixed overhead}&\$49,750\\\end{array}$ Refer to Genesis Company.Using the two-variance approach,what is the controllable variance?

• A)$4,075 U
• B)$4,075 F
• C)$4,575 U
• D)$4,575 F

---

Definitions:

Businesslike Attire

Clothing that is deemed appropriate for formal or professional settings, emphasizing a neat and conservatively stylish appearance.

Communication Style

The manners and methods used by individuals to convey their needs, ideas, or feelings to others, including verbal, non-verbal, written, and digital forms.

Population Percent

The percentage representation of a specific group within the total population.

Visual

Pertaining to the sense of sight or relating to vision, often used to describe things that can be perceived with the eyes.