Reference: 11-11
the Clark Company Makes a Single Product and Uses

question 128

True/False

Reference: 11-11
The Clark Company makes a single product and uses standard costing. Variable overhead is assigned to production on the basis of direct labour hours. Some data concerning this product for the month of May follow: $$\begin{array} { | l | l | l | } \hline \text { Labour rate variance: } & \$ 7,000 & \mathrm {~F} \\\hline \text { Labour efficiency variance: } & \$ 12,000 & \mathrm {~F} \\\hline \text { Variable overhead efficiency variance: } & \$ 4,000 & \mathrm {~F} \\\hline \text { Number of units produced: } & 10,000 & \\\hline \text { Standard labour rate per direct labour hour: } & \$ 12 & \\\hline \text { Standard variable overhead rate per direct labour hour: } & \$ 4 & \\\hline \text { Actual labour hours used: } & 14,000 & \\\hline \text { Actual variable manufacturing overhead costs: } & \$ 58,290 & \\\hline\end{array}$$
-Ideal standards, while requiring managers to work to ensure that employees accept them, can be very useful in forecasting and planning.

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Definitions:

Permissive-Indulgent Parents

A parenting style characterized by high responsiveness and low demands, where parents are very involved with their children but set few rules and boundaries.

Involved Parents

Parents who actively participate in their child's life and development.

Coregulation

A gradual transferring of control from parent to child, beginning in middle childhood.

Healthy Meals

Nutritious and balanced meals that contribute to overall health, often characterized by whole grains, lean proteins, healthy fats, and plenty of fruits and veggies.