Viger Corporation Has a Standard Cost System in Which It

question 269

Multiple Choice

Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) .The company has provided the following data for the most recent month: What was the variable overhead rate variance for the month?

• A)$2,000 Favorable
• B)$720 Favorable
• C)$1,260 Unfavorable
• D)$1,980 Favorable

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Definitions:

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group rather than alone.

Individual Accountability

The obligation of an individual to account for his/her activities, accept responsibility for them, and to disclose the results in a transparent manner.

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in irrational or dysfunctional decision-making outcomes.