Leshem Incorporated Makes a Single Product-An Electrical Motor Used in Many

question 30

Multiple Choice

Leshem Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The variable overhead rate variance is:

• A) $9,184 U
• B) $8,528 F
• C) $9,184 F
• D) $8,528 U

---

Definitions:

Construction Workers

Individuals engaged in the physical labor and building of infrastructure, buildings, and other construction projects.

Price of a Resource

The amount of money required to obtain a specific resource, encompassing goods, services, or commodities.

Quantity Demanded

The aggregate quantity of a product or service that buyers are ready and capable of buying at a particular price point.

Producers

Entities or individuals that create goods or provide services for sale in the market.