Vermeillen Corporation Uses a Standard Costing System in Which Variable

question 77

Multiple Choice

Vermeillen Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. The following data pertain to one month's operations:Variable manufacturing overhead cost incurred: $70,000Total variable manufacturing overhead variance: $4,550 FavorableStandard machine setups allowed for actual production: 3,550Actual machine setups incurred: 3,500 The variable overhead rate variance is:

• A) $1,000 Favorable
• B) $1,000 Unfavorable
• C) $3,500 Unfavorable
• D) $3,500 Favorable

---

Definitions:

Political Party

An organized group of people with similar political aims and opinions, that seeks to influence public policy by getting its candidates elected to public office.

Ideal World

A conceptual scenario depicting a perfect state of existence, devoid of problems or injustices typically found in the real world.

Agency

An organization or unit within a government responsible for implementing policies and providing specific services.

Electoral Politics

The activities associated with the election of officials to government positions, including campaigns and voting.