Luka Company Uses the Following Overhead Standard Costs for a Single

question 118

Multiple Choice

Luka Company uses the following overhead standard costs for a single unit of product: 7.5 hours at $13.50 per hour.Actual data for the month showed overhead costs of $132,000 for 1,800 units produced.What is the difference between actual overhead costs and standard overhead costs allocated to products?

• A)$107,700 favorable
• B)$107,700 unfavorable
• C)$50,250 favorable
• D)$50,250 unfavorable

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Definitions:

Sixteen Personality Factor Questionnaire

A self-report assessment tool designed to measure an individual's personality traits.

Source Traits

Fundamental personality characteristics that are relatively stable and form the foundation of an individual's personality.

Raymond Cattell

A psychologist known for his work in personality theory, specifically the development of the 16 Personality Factor (16PF) model.

Self-Esteem

An individual’s subjective evaluation of their own worth, comprising feelings of confidence, respect, and self-acceptance.