Figure 17-8
the Following Information Was Extracted from the Accounting

question 6

Multiple Choice

Figure 17-8
The following information was extracted from the accounting records of Noelle Company: $\begin{array}{c}\text { STANDARD COST CARD}\\\text { PER UNIT}\\\begin{array}{llc}\text { Direct materials: } & 8 \text { pounds } \times £ 1.20 \text { per pound } & £ 9.60 \\\text { Direct labour: } & 3 \text { hours } \times £ 20 \text { per hour } & 60.00 \\\text { Variable overhead: } & 3 \text { hours } \times £ 6 \text { per hour } & 18.00 \\\text { Fixed overhead } & & ?& \\\text { Total standard cost per unit } & &? \end{array}\end{array}$ Budgeted fixed overhead for the period is £420,000, and the budgeted fixed overhead rate is based on an expected capacity of 30,000 direct labour hours.
The following information is available regarding the company's operations for the period: $\begin{array}{ll}\text { Units produced } & 10,500 \\\text { Direct labour } & 29,000 \text { hours costing } £ 590,000 \\& \\\text { Overhead incurred: } & £ 182,000 \\\text { Variable } & £ 430,000\end{array}$
-Refer to Figure 17-8. Noelle's fixed overhead spending variance would be

• A)£10,000 unfavourable.
• B)£11,000 unfavourable.
• C)£21,000 favourable.
• D)£31,000 favourable.

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Definitions:

Scenario Planning Group Input

Contributions or insights provided by a team engaged in scenario planning, a strategic planning method that uses speculative scenarios to forecast future events.

Human Resource Estimating Techniques

Methods used to calculate the number and type of employees an organization will need to meet its objectives.

Strategic Human Resource Management

The proactive management of human resources aligned with the strategic goals of an organization to improve performance.

Human Resource Forecasting Techniques

Methods used to predict an organization's future HR needs to ensure the right number of people with the right skills are available when needed.