The Standard Factory Overhead Rate Is $7

question 123

Multiple Choice

The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory overhead) based on 100% capacity of 80,000 machine hours.The standard cost and the actual cost of factory overhead for the production of 15,000 units during August were as follows:

• A)$26,000 unfavorable
• B)$12,000 favorable
• C)$26,000 favorable
• D)$12,000 unfavorable

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Definitions:

Erikson

Erik Erikson was a developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, which outlines eight stages from infancy to adulthood, each characterized by a specific psychosocial challenge.

Stagnation

A state of inactivity or lack of growth and development in a physical, economic, or social context.

Middle Adulthood

The stage of life, generally considered to occur from approximately 45 to 65 years of age, marked by increased self-awareness, stability, and concern for the future.

Sibling Relationships

The dynamics and interactions between brothers and sisters, which can impact individuals' social and emotional development.