(Appendix 10A) Zotta Enterprises Uses Standard Costing and Applies Manufacturing

question 33

Multiple Choice

(Appendix 10A) Zotta Enterprises uses standard costing and applies manufacturing overhead cost to products on the basis of standard direct labor-hours (DLHs) . Budgeted and actual data relating to manufacturing overhead for last year appear below:

-The volume variance was:

• A) $5,640 U
• B) $5,640 F
• C) $752 U
• D) $752 F

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Definitions:

Compound Interest

Interest calculated on both the original amount of money either loaned or deposited, as well as on the interest that has already been added to it from earlier periods.

Interest on Interest

The interest earned on the reinvestment of previous interest payments, often seen in compound interest scenarios.

Simple Interest

Interest charged exclusively on the initial borrowed amount, or on whatever portion of the principal is still outstanding.