Castinata Co

question 115

Multiple Choice

Castinata Co. uses a standard job cost system and a denominator volume of 25,000 direct labour hours for allocating overhead. The actual output was 12,000 units, which cost $185,700 for direct labour (23,000 hours) , $28,000 for variable overhead, and $150,000 for fixed overhead.
The standard variable overhead per unit is $2 (2 hours @ $1 per hour) , and the standard fixed overhead per unit is $10 (2 hours @ $5 per hour) .
All variances are immaterial and are closed to Cost of Sales at the end of the period.
The entry to close the fixed overhead variances includes a:

• A) Credit to work in process for $120,000
• B) Debit to Cost of Sales for $30,000
• C) Credit to Cost of Sales for $30,000
• D) Debit to the fixed overhead production volume variance for $5,000

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Definitions:

Deliberate Teaching

The intentional act of teaching specific skills or knowledge through structured and planned activities or lessons.

Apprentices

Individuals who learn a trade or a craft from a skilled worker through hands-on experience, often combined with formal instruction.

Hunter-gatherer Societies

communities that rely on hunting wild animals and gathering wild plants for sustenance, foregoing settled agriculture.

Explicit Instruction

A structured, direct teaching approach that includes clear statement of educational objectives, presentation of content, guided practice, feedback, and independent practice.