Channel One Industries Uses a Standard Costing System to Apply

question 151

Multiple Choice

Channel One Industries uses a standard costing system to apply manufacturing costs to its production process. In May, Channel One anticipated producing 2,450 units with fixed manufacturing overhead costs allocated at $7.40 per direct labor hour with a standard of 1.5 direct labor hours per unit. In May, actual production was 3,200 units and actual fixed manufacturing overhead costs were $23,000. What was Channel One's fixed manufacturing overhead volume variance for May?

• A)$4,195 favorable
• B)$4,195 unfavorable
• C)$8,325 favorable
• D)$8,325 unfavorable

Describe the role and steps involved in operations management.

Distinguish between examples and non-examples of transnational firms.

Understand the implications of product life cycle stages on operations management strategies.

Know the definition and role of Multinational Corporations (MNCs).

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Definitions:

Confederate Army

The military force representing the Confederate States of America during the American Civil War (1861-1865), which fought against the Union.

Hospital Attendants

Healthcare workers responsible for the non-medical care of patients, such as helping with basic needs and ensuring comfort in hospitals.

Female Contrabands

Refers to women and girls who escaped slavery and sought protection behind Union lines during the Civil War.

Susi King Taylor

An African-American teacher and nurse who served as a teacher for freed African-Americans during and after the American Civil War.