Dynamo Building Supply Company's Management Is Calculating the Variable Overhead

question 73

Multiple Choice

Dynamo Building Supply Company's management is calculating the variable overhead flexible-budget variance for 2012.The actual variable overhead costs incurred amounted to $245,000 while the flexible budgeted amount was $230,000.
Required
Compute the variable overhead flexible-budget variance for Dynamo Building Supply Company and identify whether the variance is favorable,F,or unfavorable,U.

• A)$575,000;U
• B)$15,000;F
• C)$15,000;U
• D)$575,000;F
• E)$56,350;U

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Definitions:

Preindustrial Societies

Societies characterized by limited technological development, with economies primarily based on agriculture and craftsmanship, and lacking in industrialized production methods.

Social Necessity

Essential needs and requirements for individuals and societies to function and thrive, including shelter, healthcare, education, and security.

Gender Roles

Socially constructed roles, behaviors, activities, and attributes that a given society considers appropriate for men and women.

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Refers to the norms and expectations that guide behaviors within a specific culture.