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Use the Following Information for the Next 4 Questions

question 107

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Use the following information for the next 4 questions.
Hogle Mfg. Co. uses a standard costing system. The standard time to produce one unit is 4 hours, and normal production is 3,000 units monthly. Overhead costs were estimated to be $135,000. The standard variable overhead rate is $5 per machine hour. During April the following results were recorded: Use the following information for the next 4 questions. Hogle Mfg. Co. uses a standard costing system. The standard time to produce one unit is 4 hours, and normal production is 3,000 units monthly. Overhead costs were estimated to be $135,000. The standard variable overhead rate is $5 per machine hour. During April the following results were recorded:   -The combined fixed and variable overhead spending variance was A)  $1,000 U B)  $2,000 F C)  $7,000 U D)  $3,000 F
-The combined fixed and variable overhead spending variance was


Definitions:

Fear of Punishment

The anticipation of experiencing negative consequences or sanctions as a result of engaging in wrongful or illegal acts, often used as a deterrent.

Deterrence

A strategy aimed at preventing undesirable actions by instilling fear of consequences.

Deterrent Effect

The principle or effect of discouraging criminal behavior through the fear of punishment.

Little Agreement

A situation where there is minimal consensus or common ground among parties or individuals involved.

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