Pippin Incorporated Has Provided the Following Data Concerning One of the Products

question 194

Multiple Choice

Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June:
The variable overhead efficiency variance for the month is closest to:

• A) $2,450 Favorable
• B) $2,400 Unfavorable
• C) $2,400 Favorable
• D) $2,450 Unfavorable

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Definitions:

Collectivism

A cultural or societal approach that prioritizes the group's needs and goals over individual desires or ambitions.

Individual Rights

Fundamental entitlements and freedoms that individuals are guaranteed by law or society’s norms and values.

Utilitarianism

An ethical theory that advocates for actions that maximize happiness or benefit for the greatest number of people.

Distributive Justice

The perceived fairness of how resources and rewards are distributed within an organization.