The Following Information for the Past Year Is Available from Thinnews

question 12

Multiple Choice

The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead cost to outputs: $\begin{array}{lrr}\text { Actual total factory overhead cost incurred } & \$ 24,000 \\\text { Actual fixed overhead cost incurred } & \$ 10,000 \\\text { Budgeted fixed overhead cost } & \$ 11,000 \\\text { Actual machine hours } & 5,000 \\\text { Standard machine hours allowed for the units manufactured } & 4,800 \\\text { Denominator volume-machine hours } & 5,500 \\\text { Standard variable overhead rate per machine hour } & \$ 3.00\end{array}$ Under a two-variance breakdown (decomposition) of the total factory overhead variance, the total flexible-budget variance, to the nearest whole dollar, is:

• A) $400 favorable.
• B) $600 unfavorable.
• C) $1,400 favorable.
• D) $1,400 unfavorable.
• E) $2,000 favorable.

Understand the significance of White privilege and the common defensive attitudes towards it.

Acknowledge the factors contributing to individual participation in institutional racism.

Assess the unique challenges posed by institutional racism and the means to achieve institutional cultural competency.

Understand the concept and variation of secured interests in collateral, including proceeds from the sale of collateral.

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Definitions:

Episodic Memory

The type of long-term memory that involves the recollection of specific events, situations, and experiences, including the context and emotions associated with them.

Events

Occurrences or happenings, especially those significant enough to be remembered or noteworthy.

Experienced personally

Directly encountering or undergoing something oneself, rather than learning about it through others or second-hand reports.

Declarative Memory

Memory that can be consciously recalled, such as facts and events, and is considered explicit memory.