Use the Following Information to Answer the Following Questions

question 69

Multiple Choice

Use the following information to answer the following Questions
Admac Technologies has a standard variable overhead rate of $4.50 per machine hour, and each unit produced has a standard time allowed of three hours. The company's static budget was based on 46,000 units. Actual results for the year follow.
Actual units produced: 42,000
Actual machine hours worked: 120,000
Actual variable overhead incurred: $520,000

-Admac's variable-overhead spending variance is:

• A) $20,000 favorable.
• B) $20,000 unfavorable.
• C) $27,000 favorable.
• D) $27,000 unfavorable.
• E) None of the answers is correct.

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Definitions:

Desires

Strong feelings of wanting or wishing for something to happen or be the case.

Psychosocial Development

A theory that describes the impact of social experiences across eight stages of human development, from infancy to adulthood, popularized by Erik Erikson.

Freud's Theory

A set of psychoanalytic theories proposed by Sigmund Freud that focus on the unconscious mind, developmental stages, and the interplay of ego, superego, and id.

Society

A large group of individuals living together in a more or less ordered community, sharing customs, laws, and organizations.