Genesis Company Genesis Company Uses a Standard Cost System for Its

question 210

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 one-variance approach,what is the total overhead variance?

• A)$ 275 U
• B)$ 1,000 U
• C)$ 4,325 U
• D)$ 5,325 U

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Definitions:

Promotions and Demotions

Actions taken by an organization to move an employee to a higher or lower position, affecting their responsibility and often pay.

Developmental Needs

The requirements for growth, learning, and improvement in personal or professional capabilities, skills, or competencies.

Performance Feedback

A process where employees receive information and analysis about their job performance from supervisors or systems.

Engaging Activity

An action or task that fully captures one's attention and interest, often resulting in a state of flow or immersion.