Scenesay Ltd Is a Capital Intensive Firm The Variable Overhead Spending Variance Was:
A) $65,400 F
B)

question 55

Multiple Choice

Scenesay Ltd is a capital intensive firm. Indirect costs make up nearly 70% of the product costs. The company has no direct material costs because customers provide the direct materials used for each job. To plan and control such costs, the firm employs flexible budgets and standard costs. Overhead rates, based on direct labour hours, are derived from the master budget. $$\begin{array} { | l | l | l | } \hline & \text { Master Budget } & \text { Actual Results } \\\hline \text { Units produced } & 4,000 & 3 , 6 2 0 \\\hline \text { Direct Labour Hours } & 10,000 & 11,000 \\\hline \text { Fixed Overhead } & \$ 200,000 & \$ 205,000 \\\hline \text { Variable Overhead } & \$ 320,000 & \$ 355,000 \\\hline \text { Direct Labour } & \$ 200,000 & \$ 180,000 \\\hline\end{array}$$ The variable overhead spending variance was:

• A) $65,400 F
• B) $3,000 F
• C) $3,000 U
• D) $65,400 U

Understand the genetic basis of sickle-cell anemia and other mutation-related diseases.

Explain various evolutionary theories, including those of Lamarck and Darwin.

Differentiate between analogies and homologies in comparative anatomy.

Analyze the role of adaptation in the process of natural selection.

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Definitions:

Indigenous Cultures

Communities native to a particular region or environment, with their own distinct customs, traditions, and social practices.

Fieldwork

The practice of collecting information or data from direct, on-site observation or participation in a specific environment.

Western Society

Western Society typically refers to societies in the Western hemisphere, marked by historical influences of European culture, including democratic principles, individualism, and a market-oriented economy.

Culture Shock

The feeling of disorientation and stress resulting from the unfamiliarity of a new cultural environment and the loss of familiar signs and symbols of social intercourse.