Patridge Company Uses a Standard Cost System in Which It

question 134

Multiple Choice

Patridge Company uses a standard cost system in which it applies manufacturing overhead to units of product on the basis of direct labour-hours.The information below is taken from the company's flexible budget for manufacturing overhead: During the year,the company operated at exactly 80% of capacity,but applied manufacturing overhead to products based on the 90% level.The company's fixed overhead volume variance for the year was:

• A) $6,000 unfavourable.
• B) $6,000 favourable.
• C) $12,000 unfavourable.
• D) $12,000 favourable.

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Definitions:

Heritability Ratio

An estimate of the proportion of trait variability in a population that is determined by variations in genetic inheritance.

Trait Variability

The degree to which individuals differ from one another in terms of specific characteristics or traits.

Genetic Inheritance

The process by which genetic information is passed on from parents to their offspring, determining traits.

Genetic Coefficient

A measure that quantifies the contribution of genetic differences to differences in a trait among individuals.