A Manufacturer of Industrial Equipment Has a Standard Costing System

question 51

Multiple Choice

A manufacturer of industrial equipment has a standard costing system based on direct labour hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:
$\begin{array}{|l|r|}\hline \text { Denominator Level of Activity } & 9,000 \mathrm{DLHs} \\\hline \text { Overhead Costs at the Denominator Activity Level: } & \\\hline \text { Variable Overhead Cost } & \$ 90,700 \\\hline \text { Fixed Overhead Cost } & \$ 102,800 \\\hline\end{array}$
$\text { The following data pertain to operations for the most recent period: }$
$\begin{array}{|l|r|}\hline \text { Actual Hours } & 7,800 \mathrm{DLHs} \\\hline \text { Standard Hours Allowed for the Actual Output } & 7,765 \mathrm{DLHs} \\\hline \text { Actual Total Variable Overhead Cost } & \$ 54,210 \\\hline \text { Actual Total Fixed Overhead Cost } & \$ 100,200 \\\hline\end{array}$
-Under which product costing system for a manufacturing company would there be no fixed manufacturing overhead volume variance?

• A) Standard absorption costing.
• B) Standard variable costing.
• C) Job order costing.
• D) Process costing.

Understand the importance of flexibility and adaptability in leadership according to situational demands.

Identify strategies to manage dysfunctional group members.

Appreciate the importance of empathetic listening in leadership.

Understand the challenges and strategies of different speech delivery methods.

---

Definitions:

Group Dynamics

The study of the behaviors and psychological processes occurring within a social group.

Team Structures

Organizational designs that emphasize collaboration and teamwork to achieve common objectives.

Permanent and Temporary Teams

A distinction between teams formed for ongoing, long-term purposes (permanent) and those created for a specific, short-term project or task (temporary).

Day-To-Day Tasks

Routine or regular activities that are performed on a daily basis in personal or professional settings.