Use This Information to Answer the Questions That Follow

question 112

Multiple Choice

Use this information to answer the questions that follow.
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The standard factory overhead rate is $10 per direct labor hour ($8 for variable factory overhead and $2 for fixed factory overhead) based on 100% of normal capacity of 30,000 direct labor hours. The standard cost and the actual cost of factory overhead for the production of 5,000 units during May were as follows:
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-What is the fixed factory overhead volume variance?

• A) $12,500 favorable
• B) $10,000 unfavorable
• C) $12,500 unfavorable
• D) $10,000 favorable

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Definitions:

Breached Fiduciary Duty

A violation where a person in a position of trust fails to act in the best interests of another party they owe a duty to.

Breached Fiduciary Duty

Occurs when an individual who is legally bound to act in another's best interest fails to do so, violating their trust and responsibility.

Shareholder

An individual or entity that owns one or more shares in a company, thereby holding a portion of the ownership and potentially influencing company decisions.

Dissent Procedure

A formal process allowing individuals or entities to express disagreement or objection within a particular framework or organization.