Markus, Inc

question 140

Multiple Choice

Markus, Inc. produces a specialized machine part used in forklifts. For last year's operations, the following data were gathered: Markus employs a standard costing system. During the year, a variable overhead rate of $5.00 was used. The labor standard requires 0.50 hours per unit produced. The variable overhead spending and efficiency variances are, respectively

• A) $10,000 U and $7,500 U.
• B) $10,000 F and $7,500 U.
• C) $7,500 U and $10,000 F.
• D) $10,000 F and $7,500 F.
• E) None of these.

---

Definitions:

Hyperlinks

Texts or graphical elements that, when clicked, navigate to another location within the same document or to an entirely different document or website.

Websites

Digital locations accessible via the internet, consisting of one or more web pages that provide content or services to users.

Tabloid-Sized Poster

A large poster with dimensions typically measuring 11 inches by 17 inches, used for advertising, announcements, or artistic displays.

Paper Size

The dimensions of a sheet of paper used in printing, which can vary according to different standards such as A4, Legal, or Letter.