Burkett Company Uses a Standard Cost System The Variable Overhead Spending Variance Was:
A) $10,000 F
B)

question 128

Multiple Choice

Burkett Company uses a standard cost system. Indirect costs were budgeted at $200,000 plus $15 per direct labour hour. The overhead rate is based on 10,000 hours. Actual results were: $$\begin{array} { l r } \text { Standard direct labour hours } & 9,000 \\\text { Actual direct labour hours } & 10,000 \\\text { Fixed overhead } & \$ 190,000 \\\text { Variable overhead } & \$ 185,000\end{array}$$ The variable overhead spending variance was:

• A) $10,000 F
• B) $50,000 U
• C) $35,000 U
• D) $15,000 U

Grasp the concept of "good faith" as it underlies transactions under the UCC.

Comprehend the importance of timely and appropriate notice in the rejection or acceptance of goods.

Understand how the Uniform Computer Information Transactions Act (UCITA) impacts software transactions.

Understand the distinction between FOB and FAS terms.