Genesis Company Genesis Company Uses a Standard Cost System for Its

question 156

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 three-variance approach,what is the spending variance?

• A)$2,525 U
• B)$2,775 U
• C)$4,375 U
• D)$4,375 F

Understand the importance of nutritional choices in maintaining health.

Recognize the signs and symptoms of mental health issues such as depression and the impact of sleep on mental health.

Identify strategies for responsible sexual behavior and understand the consequences of sexually transmitted infections (STIs).

Understand the importance of effective communication in relationships and sexual consent.

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Definitions:

For-Profit Corporations

Business organizations that are intended to operate for profit, distributing earnings to shareholders and focusing on growth and revenue.

Nonprofit Organizations

Entities that are dedicated to furthering a particular social cause or advocating for a shared point of view, without the primary aim of distributing profits to members or leaders.

Political Studies

An academic field that examines the theory and practice of politics, political behavior, and the structure and function of political systems.

Mendel

Mendel is typically referenced in relation to Gregor Mendel, the father of modern genetics, known for his work on the inheritance of traits in pea plants.