Ben Simon Corp

question 121

Essay

Ben Simon Corp. has the following information about its standards and production activity for the month of November: Required: Calculate and show supporting calculations for each of the following variances:
1. Variable overhead flexible-budget variance.
2. Fixed overhead spending variance.
3. Fixed overhead production volume variance.

---

Definitions:

Job Analyses

The process of studying and collecting information about the duties, responsibilities, necessary skills, outcomes, and work environment of a particular job.

Reasonable Restrictive Covenants

Legal agreements used by employers to limit the ability of employees to engage in certain activities that might be detrimental to the business, deemed reasonable in scope, geography, and duration.

Employment Contract

A formal agreement between an employer and an employee that outlines the terms and conditions of employment, including duties, responsibilities, salary, and duration of employment.

Orientation Activities

Initiatives designed to acquaint new members or employees with the policies, procedures, culture, and values of an organization.