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Match Point, Inc. has the following overhead standards:
Variable overhead: 4 hours at $8 per hour
Fixed overhead: 4 hours at $10 per hour
The standards were based on a planned activity of 20,000 machine hours when 5,000 units were scheduled for production. Actual data follow.
Variable overhead incurred: $167,750
Fixed overhead incurred: $210,000
Machine hours worked: 19,800
Actual units produced: 5,100
-The amount of variable overhead that Match Point applied to production is:
Adverse Selection
A situation where asymmetric information results in high-risk individuals being more likely to participate in an agreement or purchase, negatively affecting the seller or insurer.
Salaried Salesman
A salesperson who is compensated with a fixed salary rather than or in addition to commissions.
Employee Turnover
The rate at which employees leave a workforce and are replaced by new hires within a given period.
Shift Supervisor
A person responsible for overseeing and managing employees and operations during a particular shift in a workplace.
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