Neptune Inc The Fixed Overhead Production Volume Variance in April for Neptune

question 101

Multiple Choice

Neptune Inc. uses a standard cost system and has the following information for the most recent month, April: $\begin{array}{lr}\text { Actual direct labor hours (DLHs) worked } & 17,000 \\\text { Standard DLHs allowed for good output produced this period } & 18,000 \\\text { Actual total factory overhead costs incurred } & \$ 45,400 \\\text { Budgeted fixed factory overhead costs } & \$ 10,800 \\\text { Denominator activity level, in direct labor hours (DLHs) } & 15,000 \\\text { Total factory overhead application rate per standard DLH } & \$ 2.70\end{array}$ The fixed overhead production volume variance in April for Neptune, Inc., to the nearest whole dollar, was:

• A) $940 unfavorable.
• B) $1,040 favorable.
• C) $1,980 favorable.
• D) $2,160 favorable.
• E) $3,200 favorable.

Recognize the role of family in gender role socialization and differentiation.

Understand the sociological perspectives on gender construction and maintenance.

Evaluate the effects of sexism and homophobia on societal norms and individual behavior.

Describe the influence of conflict theory on understanding social structures related to gender.

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Definitions:

Volatility

The degree of variation of a trading price series over time, usually measured by the standard deviation of logarithmic returns.

Portfolio Excess Return

The return on an investment portfolio that exceeds the return of a benchmark or risk-free asset.

Standard Deviation

A statistical measure of the dispersion of a set of data from its mean, used in finance to quantify the volatility of investment returns.

Survivorship Bias

The logical error of concentrating on the people or things that "survived" some process and inadvertently overlooking those that did not because of their lack of visibility.