(Appendix 10A) Wineman Incorporated Makes a Single Product--An Electrical Motor

question 142

Multiple Choice

(Appendix 10A) Wineman Incorporated makes a single product--an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below:

-The variable overhead rate variance is:

• A) $31,901 U
• B) $31,244 F
• C) $31,901 F
• D) $31,244 U

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Definitions:

Probability

A measure of the likelihood that an event will occur, often expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Cards

Pieces of thick paper or thin plastic, often rectangular, used for playing games, storing information, or as tools for certain activities.

Same Color

refers to objects or items that share an identical hue or shade.

Probability

A measure of the likelihood that a specific event will occur, expressed as a number between 0 and 1.