Dalgleish Corporation Manufactures One Product

question 60

Multiple Choice

Dalgleish Corporation manufactures one product.It does not maintain any beginning or ending Work in Process inventories.The company uses a standard cost system in which inventories are recorded at their standard costs and any variances are closed directly to Cost of Goods Sold.There is no variable manufacturing overhead.The standard cost card for the company's only product is as follows:
The standard fixed manufacturing overhead rate was based on budgeted fixed manufacturing overhead of $358,750 and budgeted activity of 17,500 hours.During the year,32,900 units were started and completed.Actual fixed overhead costs for the year were $347,350.
Assume that all transactions are recorded on a worksheet as shown in the text.On the left-hand side of the equals sign in the worksheet are columns for Cash,Raw Materials,Work in Process,Finished Goods,and PP&E (net) .All of the variance columns are on the right-hand-side of the equals sign along with the column for Retained Earnings.
When the fixed manufacturing overhead cost is recorded,which of the following entries will be made?

• A) ($113,365) in the FOH Budget Variance column
• B) ($113,365) in the FOH Volume Variance column
• C) $113,365 in the FOH Budget Variance column
• D) $113,365 in the FOH Volume Variance column

Understand the significance of substantial, accessible, and actionable market segments.

Grasp how market segmentation aids in resource allocation and marketing strategy formulation.

Recognize the method of dividing a larger market into smaller groups based on shared characteristics.

Understand the role of psychographic, demographic, and behavioral segmentation in marketing.

---

Definitions:

Pre-Justinianic Byzantine Art

Art from the early Byzantine Empire before the reign of Emperor Justinian I, characterized by Christian religious concepts and Hellenistic influences.

Hagia Sophia

An architectural masterpiece originally built as a Christian cathedral in Constantinople (modern-day Istanbul, Turkey) and later converted into a mosque, now a museum.

Obelisk of Theodosius

An ancient Egyptian obelisk erected at the Hippodrome of Constantinople by the Roman emperor Theodosius I in the 4th century AD.

Hagia Sophia

A historic architectural marvel in Istanbul, Turkey, originally built as a Christian cathedral, then converted into a mosque, and now a museum, exemplifying Byzantine architecture.