Frogue Corporation Uses a Standard Cost System ? the Total Factory Overhead Cost Variance Is:
A) $3,900

question 68

Multiple Choice

Frogue Corporation uses a standard cost system.The following information was provided for the period that just ended: $\begin{array}{ll}\text { Actual price per kilogram } & \$ 2.50 \\\text { Actual kilograms of material used } & 31,000 \\\text { Actual hourly labor rate } & \$ 18.10 \\\text { Actual hours of production } & 4,900 \text { labor hrs. } \\\text { Standard price per kilogram } & \$ 2.80\\\text { Standard kilograms per completed unit } & 6 \text { kilograms } \\\text { Standard hourly labor rate } & \$ 18.00 \\\text { Standard time per completed unit } & 1 \text { hr. } \\\text { Actual total factory overhead } & \$ 34,900 \\\text { Actual fixed factory overhead } & \$ 18,000\\\text { Standard fixed factory overhead rate } & \$ 1.20 \text { per labor hour } \\\text { Standard variable factory overhead rate } & \$ 3.80 \text { per labor hour } \\\text { Maximum plant capacity } & 15,000 \text { hours } \\\text { Units completed during the period } & 5,000\end{array}$ ? The total factory overhead cost variance is:

• A) $3,900 favorable.
• B) $10,400 favorable.
• C) $10,400 unfavorable.
• D) $9,900 unfavorable.

Recognize employer responsibilities under OSHA to maintain a safe workplace.

Identify the components included in OSHA standards and recognize elements not covered.

Understand the precautions and equipment recommended for procedures with high infection risks.

Recognize standard precautions used universally in healthcare to prevent disease transmission.

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Definitions:

Cross Price Elasticity

A measure of the responsiveness of the quantity demanded for one good to a change in the price of another good, indicating the degree of substitutability or complementarity between them.

Midpoint Method

The midpoint method is a technique used in economics to measure the elasticity of demand or supply, minimizing the bias in the response to price changes by using the average percentages of change in both quantity and price.

Income

Earnings acquired on a routine basis through work or investment profits.

Price Elastic

Describes a situation where the demand for a product changes significantly in response to a change in the product's price.