Smith Manufacturing Uses a Standard Costing System

question 34

Multiple Choice

Smith Manufacturing uses a standard costing system. For the current period, Smith allocated the following costs using a predetermined overhead rate: What are Smith's material and conversion variances for the month?

• A) $10,000 Unfavorable materials variance/$2,000 Unfavorable conversion variance.
• B) $20,000 Unfavorable materials variance/$2,000 Favorable conversion variance.
• C) $5,000 Unfavorable materials variance/$1,000 Favorable conversion variance.
• D) $12,000 materials variance/$50,000 conversion variance.
• E) None of the above.

Differentiate between the communication styles suitable for expert and general audiences.

Acknowledge the importance of strategy and adaptability in policy advocacy.

Distinguish between the various forms of conflict resolution and persuasion methods in policy debates.

Understand the structure and organization of persuasive requests and messages.

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Definitions:

Labeling Perspective

An approach in sociology that emphasizes how societal labels can affect individuals and contribute to deviance or social stigma.

Cultures

The shared beliefs, customs, arts, and institutions of a society or community that define the way of life for its members.

Norms

Societal rules that dictate the behavior expected of individuals within a group or culture.

Deviant Behavior

Actions or conduct that deviate from societal norms, values, or expectations, often resulting in disapproval or sanction.