Bressman Inc

question 174

Multiple Choice

Bressman Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for May:
The variable overhead rate variance for the month is closest to:

• A) $364 U
• B) $372 F
• C) $364 F
• D) $372 U

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Definitions:

Highly Personal

Pertaining to items or information that are deeply personal or private in nature, often with legal implications for their handling or disclosure.

Assignable

describes a right or property that can be transferred or made over to another party legally.

Partial Assignment

The transfer of a portion of the interest or rights in a contract, property, or other asset from one party to another.

Contractual Rights

Legal entitlements embedded within a contract that dictate what each party to the agreement may or may not do.