(Appendix 10A) a Manufacturer of Playground Equipment Has a Standard

question 14

Multiple Choice

(Appendix 10A) A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:
The following data pertain to operations for the most recent period:

-The fixed manufacturing overhead budget variance for the period is closest to:

• A) $3,595 U
• B) $550 F
• C) $2,763 U
• D) $784 F

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Definitions:

Customer Satisfaction

The measure of how products or services meet or exceed customer expectations.

Product Quality

The characteristics of a product or service that bear on its ability to satisfy stated or implied customer needs.

Repeat Customers

Individuals who make purchases or avail services from the same business or seller on multiple occasions, indicating loyalty or satisfaction.

Franchiser

A business entity that grants a license to a third party for the conducting of a business under the franchiser's marks.