Use the Following Information to Answer the Following Item(s)

question 80

Multiple Choice

Use the following information to answer the following item(s) .

-The amount of the overhead variance would be

• A) $24,400 overapplied.
• B) $24,400 underapplied.
• C) $8,400 overapplied.
• D) $8,400 underapplied.

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Definitions:

Non-contributory Plan

A benefits arrangement where only the employer bears the cost of premiums, requiring no monetary contribution from employees.

Contributory Plan

A retirement or insurance plan where both the employer and employees contribute to the fund.

Registered Retirement Savings Plans

Tax-advantaged savings accounts in Canada designed to help individuals save for their retirement.

Defined Non-contributory Plan

A type of pension plan where the employer bears the entire cost of the contributions without requiring contributions from the employees.