Genesis Company Genesis Company Uses a Standard Cost System for Its

question 75

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 four-variance approach,what is the volume variance?

• A)$ 750 F
• B)$ 750 U
• C)$1,000 F
• D)$1,000 U

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Definitions:

Exposure to Drugs

The act of coming into contact with drugs or pharmaceutical compounds, which can affect an organism's physiological state.

Allergies

are hypersensitive responses of the immune system to substances that are normally harmless to most individuals, such as pollen or certain foods.

Optical Nerve

Often referred to as the optic nerve, it is a crucial nerve responsible for transmitting visual information from the retina to the brain.

Rods and Cones

Specialized types of photoreceptor cells in the retina that are responsible for vision in low light (rods) and color vision and detailed vision in brighter light (cones).