Adams, Inc

question 76

Multiple Choice

Adams, Inc. uses the following standard to produce a single unit of its product: overhead (2 hrs. @ $3/hr.) $6. The flexible budget for overhead is $100,000 plus $1 per direct labor hour. Actual data for the month show overhead costs of $150,000, and 24,000 units produced. The overhead volume variance is:

• A) $10,000 favorable.
• B) $12,000 favorable.
• C) $4,000 unfavorable.
• D) $16,000 unfavorable.
• E) $36,000 unfavorable.

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Definitions:

Multiple Intelligences

A theory proposing that humans have various types of intelligence, including linguistic, logical-mathematical, spatial, musical, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.

Empirical Support

Evidence derived from observation, experimentation, or measurement, as opposed to theory alone, confirming the validity of a hypothesis or theory.

Genetic Contribution

The influence of genetics on an individual's traits, behaviors, or the likelihood of developing certain diseases, indicating how much genes play a role in these aspects.

Intelligence Scores

Numerical measures obtained from cognitive tests that aim to quantify an individual's level of intellectual ability or intelligence.