The Following Standards for Variable Manufacturing Overhead Have Been Established

question 116

Multiple Choice

The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month: What is the variable overhead rate variance for the month?

• A)$2,724 U
• B)$3,492 U
• C)$840 F
• D)$768 U

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Definitions:

Knowledge

Information, understanding, or skill obtained by experience or education; the theoretical or practical understanding of a subject.

Management Function

The activities and responsibilities carried out by managers, including planning, organizing, leading, and controlling, to achieve organizational goals.

Volleyball Coach

A person responsible for training and guiding volleyball players, devising strategies and improving team performance.

Strategies

Plans or methods developed to achieve specific goals or outcomes.