Use the Following Information for the Next 6 Questions

question 50

Multiple Choice

Use the following information for the next 6 questions.
Hyteck, Inc. is a capital intensive firm. Indirect costs make up nearly 70% of the product costs. The company has no direct material costs because customers provide the direct materials used for each job. To plan and control such costs, the firm employs flexible budgets and standard costs. Overhead rates, based on direct labor hours, are derived from the master budget.
-The variable overhead spending variance was

• A) $1,200 F
• B) $2,000 F
• C) $2,800 U
• D) $1,600 U

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Definitions:

Form Wizard

An automated tool within software applications that guides users through the steps of creating forms, often used in databases.

Layout

The way in which text, images, and other elements are arranged on a page or screen.

Title

A descriptive heading or name for a document, web page, data table, or other entity that helps identify its content or purpose.

Database Template

A pre-designed model for databases that provides a structure for storing data, often including predefined tables, relationships, and sometimes forms and reports.