Shane Industries Prepared a Fixed Budget of 60000 Direct Labor

question 157

Multiple Choice

Shane Industries prepared a fixed budget of 60000 direct labor hours with estimated overhead costs of $300000 for variable overhead and $90000 for fixed overhead. Shane then prepared a flexible budget at 57000 labor hours. How much is total overhead costs at this level of activity?

• A) $285000
• B) $375000
• C) $370500
• D) $390000

Discuss the impact of religious beliefs on societal structures, including politics and education.

Analyze the concept of secularism and how societies negotiate the separation of church and state.

Understand how media representations of religion reflect and influence societal perceptions and values.

Recognize the diverse nature of religious experience and the broad definition of religion from a sociological perspective.

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Definitions:

Volume Variance

The difference between the expected volume of sales or production and the actual volume, which can impact costs and profits.

Denominator Level

In costing, refers to the level of activity or volume used to allocate fixed costs to units of production.

Standard Hours Allowed

The time allocated for a job or process to be completed, based on efficiency and productivity standards.

Actual Direct Materials

The actual amount of raw materials used in the production process.