(Appendix 10A) Arca Incorporated Makes a Single Product--A Critical Part

question 62

Multiple Choice

(Appendix 10A) Arca 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 variable overhead efficiency variance is:

• A) $258 U
• B) $88 F
• C) $88 U
• D) $258 F

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Definitions:

Cricoid Cartilage

A cartilage of the larynx that forms most of the posterior wall and a small part of the anterior wall.

Blood

Blood is a vital body fluid in humans and other animals that delivers necessary substances such as nutrients and oxygen to the cells and transports waste products away from those same cells.

Pleural Cavity

The thin space between the lung and the chest wall, lined by pleural membranes, containing a small amount of lubricating fluid.

Pleuritis

An inflammation of the pleura, the thin tissue layers surrounding the lungs, causing sharp chest pain.