Jessep Corporation Has a Standard Cost System in Which Manufacturing

question 95

Multiple Choice

Jessep Corporation has a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labour hours. The company has provided the following data concerning its fixed manufacturing overhead costs in March:
$\begin{array} { | l | r | } \hline \text { Denominator Hours } & 15,000 \text { hours } \\\hline \text { Actual Hours Worked } & 14,000 \text { hours } \\\hline \text { Standard Hours Allowed for the Output } & 12,000 \text { hours } \\\hline \text { Flexible Budget Fixed Overhead Cost } & \$ 45,000 \\\hline \text { Actual Fixed Overhead Costs } & \$ 48,00 \\\hline\end{array}$


-What was the fixed overhead volume variance?

• A) $3,000 favourable.
• B) $3,000 unfavourable.
• C) $9,000 unfavourable.
• D) $6,000 unfavourable.

Grasp the definition and scope of psychology.

Identify ethical guidelines in psychological research.

Understand the experimental method and variables involved in psychological research.

Appreciate the importance of replicability in scientific research.

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Definitions:

Technology

The application of scientific knowledge for practical purposes, especially in industry and improvements in tools, machines, techniques, and processes.

Cultural Change

The modification of a society's cultural patterns over time, including changes in norms, values, practices, and symbols.

Cultural Diffusion

The spread of cultural beliefs and social activities from one group to another, blending cultures over time.

Symbolic Interactionism

A theoretical framework in sociology that emphasizes the importance of symbols and language as core elements of all human interaction.