Irving Corporation Makes a Product with the Following Standards for Direct

question 107

Multiple Choice

Irving Corporation makes a product with the following standards for direct labor and variable overhead:
In November the company's budgeted production was 5,300 units, but the actual production was 5,100 units. The company used 1,650 direct labor-hours to produce this output. The actual variable overhead cost was $7,590. The company applies variable overhead on the basis of direct labor-hours.
-The variable overhead efficiency variance for November is:

• A) $552 U
• B) $600 U
• C) $600 F
• D) $552 F

---

Definitions:

Long-Term Orientation

A cultural value that emphasizes the virtues of planning for the future and delaying gratification.

Individualism

A theory in sociology that prioritizes individual autonomy over the control of groups or government.

Cultural Value

The shared beliefs, norms, and practices that are significant within a specific culture, influencing behaviors, attitudes, and perceptions.

Individualism

A social theory favoring freedom of action for individuals over collective control and emphasizing the importance of individual self-reliance and personal independence.