Smollett Manufacturing Company Has a Standard Variable Overhead Rate of $5

question 49

Multiple Choice

Smollett Manufacturing Company has a standard variable overhead rate of $5 per machine hour, with each completed unit expected to take three machine hours to produce. A review of the company's accounting records found the following: Actual production: 19,500 units
Variable-overhead efficiency variance: $9,000U
Variable-overhead spending variance: $21,000F
What was Smollett's actual variable overhead during the period?

• A)$97,500.
• B)$262,500.
• C)$280,500.
• D)$304,500.
• E)$322,500.

---

Definitions:

Working Memory

A cognitive system with a limited capacity that is responsible for temporarily holding information available for processing.

Rehearsal

A cognitive process in which information is repeated over and over as a possible way of learning and remembering it.

Metacognition

Awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Cognitive Abilities

Cognitive abilities are the mental skills that involve processing information, problem-solving, decision making, memory, and learning.