(Appendix 10A) Fleming Incorporated Makes a Single Product--A Critical Part

question 27

Multiple Choice

(Appendix 10A) Fleming Incorporated makes a single product--a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

-The fixed overhead volume variance is:

• A) $63,495 U
• B) $45,495 F
• C) $45,495 U
• D) $63,495 F

---

Definitions:

Revocation

The act of officially canceling or withdrawing a decision, offer, or legal right, often used in contexts such as contracts, wills, and powers of attorney.

Divorce

The formal termination of a marital union by a recognized authority, usually a court or a legal institution.

Charitable Trust

A legal arrangement in which assets are held and managed by one party for charitable purposes, providing benefit to the public or a segment of the public.

Museum

An institution dedicated to collecting, preserving, exhibiting, and interpreting artifacts and works of significant historical, cultural, or artistic value.