Core Technology Company's Operational Management Team Is Assessing a Production-Volume

question 15

Multiple Choice

Core Technology Company's operational management team is assessing a production-volume variance.A budgeted fixed overhead cost had been calculated to be $390,000.Using past data,one unit of output is computed to take 2.0 machine hours and 1.0 machine hour is calculated to cost $20.The actual output units needed for the actual output are 10,000 units.
Required
Compute the production-volume variance for this period and indicate whether the value indicates a favorable,F,or an unfavorable,U,variance.

• A)$1,000;U
• B)$10,000;F
• C)$1,000;U.
• D)$10,000;U
• E)$3,900;U.

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Definitions:

Polymorphism

Polymorphism is a concept in object-oriented programming that allows objects of different classes to be treated as objects of a common superclass, enabling a single interface to control the access to the specific method implementations.

Late Binding

A programming mechanism where method calls are resolved at runtime rather than compile time.

Method Definition

The part of a class where the behavior of a method is specified, including its return type, parameters, and body.

Method Invocation

The process of calling or executing a method in a program, which may involve passing arguments and receiving a return value.