At the Beginning of Last Year, Monze Corporation Budgeted $600,000

question 98

Multiple Choice

At the beginning of last year, Monze Corporation budgeted $600,000 of fixed manufacturing overhead and chose a denominator level of activity of 100,000 direct labor-hours.At the end of the year, Monze's fixed manufacturing overhead budget variance was $8,000 unfavorable.Its fixed manufacturing overhead volume variance was $21,000 favorable.Actual direct labor-hours for the year were 96,000.What was Monze's actual fixed manufacturing overhead for last year?

• A)$563,000
• B)$579,000
• C)$608,000
• D)$592,000

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Definitions:

Class Bias

A prejudice or discrimination based on social class or perceived socioeconomic status.

Marxist-Leninist

A political and economic ideology based on the theories of Karl Marx and Vladimir Lenin, advocating for a classless society and the overthrow of capitalism through revolutionary means.

Free Rider

An individual who benefits from resources or services without contributing to the cost or effort.

Collective Efforts

The actions taken and work done by a group working together towards a common goal or project.