Chojnowski Incorporated Makes a Single Product-A Cooling Coil Used in Commercial

question 63

Multiple Choice

Chojnowski Incorporated makes a single product-a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: The fixed overhead volume variance is:

• A) $52,195 U
• B) $65,195 U
• C) $65,195 F
• D) $52,195 F

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Definitions:

Non Obstante Veredicto

A legal term meaning "notwithstanding the verdict," used when a judge overturns a jury's decision or enters a judgment contrary to the jury's verdict.

Mens Rea

A legal principle that refers to the intent or knowledge of wrongdoing that constitutes part of a crime, as opposed to the action or conduct of the accused.

Demurrer

A legal challenge that objects to the sufficiency of a pleading without addressing the underlying facts.

Habeas Corpus

A legal writ requiring a person under arrest to be brought before a judge or into court, to secure the person's release unless lawful grounds are shown for their detention.