Wharton Tooling Uses a Standard Cost System to Account for the Costs

question 70

Essay

Wharton Tooling uses a standard cost system to account for the costs of its one product.Variable overhead standards are 14 hours of labor at a standard rate of $9.Fixed overhead is applied at a rate of $150 per unit,based on budgeted production of 650 units.During July,Wharton Tooling produced 600 units.Payroll totaled $112,930 for 8,770 hours worked.Overhead incurred was $77,490 variable and $98,750 fixed.Calculate the:
a.variable overhead rate variance.
b.variable overhead efficiency variance.
c.fixed overhead spending variance.

Explain the theories of relationship maintenance and success.

Recognize the importance of situational and environmental factors in shaping behavior and interpersonal relations.

Describe the role of observational learning in the acquisition of aggressive behaviors.

Understand the principles of social exchange theory and its application to relationships.

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Definitions:

Perceptual/motor Approach

A method focusing on understanding and improving the coordination of sensory perception and motor skills.

Gross Motor Skills

The abilities required to control the large muscles of the body for walking, running, sitting, crawling, and other activities.

Technical Work

Involves tasks that require specialized skills, knowledge, and training in fields such as engineering, IT, and science.

Managerial Jobs

Positions in an organization responsible for directing and overseeing the work of other employees, making strategic decisions, and ensuring the alignment of team efforts with organizational goals.