Irving Corporation Makes a Product with the Following Standards for Direct

question 441

Multiple Choice

Irving Corporation makes a product with the following standards for direct labor and variable overhead: In November the company's budgeted production was 5,300 units, but the actual production was 5,100 units. The company used 1,650 direct labor-hours to produce this output. The actual variable overhead cost was $7,590. The company applies variable overhead on the basis of direct labor-hours.The variable overhead efficiency variance for November is:

• A) $552 Unfavorable
• B) $600 Unfavorable
• C) $600 Favorable
• D) $552 Favorable

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Definitions:

Perceptual Reasoning

The ability to use sensory information (such as visual and spatial) to identify patterns, solve problems, and understand the relationship between objects.

Wechsler Intelligence Tests

A set of standardized tests used to measure intelligence and cognitive ability in adults and children.

Intelligence Quotient

A measure of a person's intellectual abilities in relation to their age group, typically derived from standardized tests designed to assess human intelligence.

Population

The entire group of people or animals in which the researcher is interested.