Genesis Company Genesis Company Uses a Standard Cost System for Its

question 56

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:
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

---

Definitions:

Training and Development

Organizational activities aimed at enhancing the skills, knowledge, and capabilities of employees.

Needs Assessment

A process used to identify gaps between current conditions and desired states, often employed in organizational or educational settings.

Training Control System

A structured approach to manage and evaluate the effectiveness of training programs within an organization.

Human Resource Analysis

The process of evaluating the components of the human resource function to identify areas for improvement and alignment with business strategies.