If the Standard to Produce a Given Amount of Product

question 9

True/False

If the standard to produce a given amount of product is 12,000 hours at a factory overhead rate of $5 ($3 fixed, $2 variable), actual variable factory overhead was $26,400, actual fixed factory overhead was $45,000, and 100% of productive capacity is 15,000 hours, the volume variance was $9,000 favorable.

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Definitions:

Apical Bronchus

A branch of the upper lobe bronchus that directs air to the apex of the lung.

Caudal Lobe

Refers to a division or section at the rear or tail end of some organs or structures, particularly in the lungs or liver.

Glottis

The opening between the vocal cords in the larynx, through which air passes during breathing and speech.

Caudal Lobe

A segment of the lung located towards the back and lower part of the thoracic cavity.