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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:
-The combined fixed and variable overhead spending variance was
Deontology
A theory of ethics that espouses duty, rules, and obligation as the foundation of moral behavior.
Values Transmission
The process by which beliefs, morals, and values are passed down from one generation to another, often within families or through cultural teaching.
Social Justice
A concept based on the principles of equity, equality, and respect for human rights; broadly concerned with the equitable bearing of burdens and reaping of benefits in society.
Religious Holidays
Special days of celebration or observance pertaining to specific religious traditions, often involving rituals, gatherings, and various forms of worship.
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