Gregorich Incorporated Makes a Single Product--A Critical Part Used in Commercial

question 151

Multiple Choice

Gregorich Incorporated makes a single product--a critical part used in commercial airline seats.The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period.Data concerning the most recent year appear below: The fixed overhead budget variance is:

• A)$20,000 U
• B)$20,000 F
• C)$62,070 F
• D)$62,070 U

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