Jaune Company Uses a Standard Cost System That Applies Manufacturing

question 37

Multiple Choice

Jaune Company uses a standard cost system that applies manufacturing overhead to units of product on the basis of direct labour hours (DLHs) .The following data pertain to last month's operations: $\begin{array} { l r } \text { Budgeted Fixed Overhead Costs } & \$ 5,000 \\\text { Actual Fixed Overhead Costs } & \$ 5,500 \\\text { Standard Hours Allowed for Output } & 2,400 \mathrm { DLHs } \\\text { Predetermined Overhead Rate (\$2 variable } + \$ 3 \text { fixed) } & \$ 5 \text { per DLH }\end{array}$ What was the fixed overhead budget variance?

• A) $500 favourable.
• B) $500 unfavourable.
• C) $1,700 unfavourable.
• D) $2,200 unfavourable.

Know the impact of participation in planning and decision-making on employee responsibility and team productivity.

Understand the wrong approaches in steering a meeting back on track and the correct ways to focus meetings on expected outcomes.

Comprehend the structure and importance of agendas in effective meeting management.

Recognize the personal motivations for individuals joining groups or teams.

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Definitions:

Job Security

The likelihood that an individual will keep their job without the risk of becoming unemployed.

Corporate Culture

The shared values, beliefs, attitudes, and practices that characterize an organization, influencing its people and the way they work.

Herb Kelleher

Co-founder of Southwest Airlines known for his innovative management style and emphasis on corporate culture and employee satisfaction.

Southwest Airlines

An American low-cost airline known for its unique customer service approach and extensive domestic network.