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

question 36

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 volume variance would be

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

Apply Poisson distribution to model real-world problems.

Understand the relationship between mean and variance in Poisson distribution.

Apply cumulative Poisson probability tables for problem-solving.

Utilize Poisson approximation to the binomial for rare event probabilities.

---

Definitions:

Dissecting Tray

A flat, usually metal or plastic, tray used to hold specimens for dissection.

Ventral

Pertaining to the front or anterior part of an organism.

Trapezius Group

The trapezius muscle group is a large muscle extending from the neck to the mid-back and across the shoulders, involved in moving, rotating, and stabilizing the scapula (shoulder blade) and extending the neck.

Vastus Intermedius

A deep muscle in the anterior compartment of the thigh, part of the quadriceps femoris group, lying between the vastus lateralis and vastus medialis.