Merone Corporation Applies Manufacturing Overhead to Products on the Basis

question 8

Multiple Choice

Merone Corporation applies manufacturing overhead to products on the basis of standard machine-hours.The company bases its predetermined overhead rate on 2,300 machine-hours.The company's total budgeted fixed manufacturing overhead is $5,060.In the most recent month,the total actual fixed manufacturing overhead was $4,660.The company actually worked 2,200 machine-hours during the month.The standard hours allowed for the actual output of the month totaled 2,320 machine-hours.What was the overall fixed manufacturing overhead volume variance for the month?

• A) $220 Unfavorable
• B) $400 Favorable
• C) $44 Favorable
• D) $220 Favorable

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Definitions:

Henry Murray

An American psychologist who developed the theory of needs, which identified personality in terms of motives and needs.

Self-Efficacy

A person's confidence in their ability to carry out actions required to achieve particular outcomes.

External Locus of Control

The belief that one's successes or failures result from external factors beyond their control, rather than one's own efforts.

High Self-Acceptance

A person’s positive evaluation of oneself and one's past actions, leading to a healthy sense of self-worth.