A Manufacturer of Playground Equipment Has a Standard Costing System

question 54

Multiple Choice

A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period:
The fixed manufacturing overhead budget variance for the period is closest to:

• A) $3,595 U
• B) $550 F
• C) $2,763 U
• D) $784 F

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Definitions:

Dominant Institution

An organization or structure that holds a preeminent position of power or authority within a society or field.

Presidential Spouses

The husbands or wives of the Presidents of the United States, often involved in various social and political duties during their tenure.

Head of State

The chief public representative of a country, such as a president or monarch, who may also serve as the symbolic leader or executive head, depending on the form of government.

First U.S. First Lady

Martha Washington, the spouse of George Washington, the first President of the United States, serving as the inaugural First Lady.