Reference: 11-11
the Clark Company Makes a Single Product and Uses

question 84

True/False

Reference: 11-11
The Clark Company makes a single product and uses standard costing. Variable overhead is assigned to production on the basis of direct labour hours. Some data concerning this product for the month of May follow: $$\begin{array} { | l | l | l | } \hline \text { Labour rate variance: } & \$ 7,000 & \mathrm {~F} \\\hline \text { Labour efficiency variance: } & \$ 12,000 & \mathrm {~F} \\\hline \text { Variable overhead efficiency variance: } & \$ 4,000 & \mathrm {~F} \\\hline \text { Number of units produced: } & 10,000 & \\\hline \text { Standard labour rate per direct labour hour: } & \$ 12 & \\\hline \text { Standard variable overhead rate per direct labour hour: } & \$ 4 & \\\hline \text { Actual labour hours used: } & 14,000 & \\\hline \text { Actual variable manufacturing overhead costs: } & \$ 58,290 & \\\hline\end{array}$$
-The static budget is a good tool for assessing whether variable costs are under control.

Examine the effects of living standards on energy use and birthrates.

Understand the economics behind electricity generation costs.

Recognize the significance of pricing, property rights, and policies in the management of natural resources.

Understand the impact of property rights on resource conservation and deforestation.

---

Definitions:

Sentence

A sentence is a set of words that is complete in itself, typically containing a subject and predicate, conveying a statement, question, exclamation, or command.

Dangling Modifier

A word or phrase that modifies a word not clearly stated in the sentence, often leading to confusion or ambiguity.

Misplaced Modifier

A grammatical error where a modifier (word, phrase, or clause) is placed incorrectly, leading to ambiguity or confusion in a sentence.

Incomplete Construction

A phrase or sentence that lacks necessary components, making it grammatically incorrect or unclear.