(Appendix 10A) Chojnowski Incorporated Makes a Single Product--A Cooling Coil

question 3

Multiple Choice

(Appendix 10A) Chojnowski Incorporated makes a single product--a cooling coil used in commercial refrigerators. 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 budget variance is:

• A) $13,000 F
• B) $13,000 U
• C) $52,195 F
• D) $52,195 U

---

Definitions:

Workers' Compensation Law

Legislation that provides financial compensation and medical care for workers who are injured or become ill as a direct result of their job.

Promptly Sue

To take legal action against a person or entity without undue delay, typically to address a grievance or enforce a right.

Fundamental Public Policy

Core principles and values that underpin the legal and societal framework, guiding laws and regulations.

Statutory Law

Law enacted by a legislative body, as opposed to case law or regulations established by executive order.