Wadding Corporation Applies Manufacturing Overhead to Products on the Basis

question 325

Multiple Choice

Wadding Corporation applies manufacturing overhead to products on the basis of standard machine-hours.For the most recent month, the company based its budget on 3,600 machine-hours.Budgeted and actual overhead costs for the month appear below: The company actually worked 3,900 machine-hours during the month.The standard hours allowed for the actual output were 3,890 machine-hours for the month.What was the overall variable overhead efficiency variance for the month?

• A)$760 Favorable
• B)$104 Unfavorable
• C)$180 Favorable
• D)$656 Favorable

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Definitions:

Social Mores

Social mores are widely accepted norms and values that govern behaviors within a society, acting as guidelines for social conduct.

Violation

The act or process of breaking a rule or law or failing to comply with a norm or condition.

Affair

A romantic or sexual relationship, typically secret or illicit, between two individuals, usually where at least one is committed to another through marriage or partnership.

Cultural Folkway

Norms or customary behaviors that are characteristic of everyday life in a society, guiding social interactions without strict enforcement.