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

question 266

Multiple Choice

Termeer 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 August:
The variable overhead efficiency variance for the month is closest to:

• A) $46 Unfavorable
• B) $42 Favorable
• C) $46 Favorable
• D) $42 Unfavorable

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Definitions:

Responsive

Characterized by the ability to react quickly and positively to changes or new situations, often used in describing systems, organizations, or individuals who effectively adapt to new conditions or demands.

Efficient

Achieving maximum productivity with minimum wasted effort or expense; effectiveness in performance.

Privatization

The process of transferring an enterprise or industry from the public sector to the private sector.

Government

The system or group of people governing an organized community, often a state, and the mechanism by which state policies are enforced and public affairs managed.