The Clark Company Makes a Single Product and Uses Standard

question 153

Multiple Choice

The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:
$\begin{array} { | l | r | } \hline \text { Labour rate variance } & \$ 7,000 \text { favourable } \\\hline \text { Labour efficiency variance } & \$ 12,000 \text { favourable } \\\hline \text { Variable overhead efficiency variance } & \$ 4,000 \text { favourable } \\\hline \text { Number of units produced } & 10,000 \\\hline \text { Standard labour rate per direct labour hour } & \$ 12 \\\hline \text { Standard variable overhead rate per direct labour hour } & \$ 4 \\\hline \text { Actual labour hours used } & 14,000 \\\hline \text { Actual variable manufacturing overhead costs } & \$ 58,290 \\\hline\end{array}$


-What was the total standard cost for variable overhead for May?

• A) $40,000.
• B) $50,000.
• C) $56,000.
• D) $60,000.

Acknowledge the relationship between obesity and cancer risk.

Learn about the benefits of maintaining a healthy lifestyle, including diet and physical activity, in reducing cancer and cardiovascular disease risk.

Understand the role of psychosocial factors and psychological interventions in cancer management and patient quality of life.

Recognize the importance of social support and psychological well-being in cancer progression and coping.

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Definitions:

Substitution Effect

The change in consumption patterns due to a relative change in prices leading consumers to substitute one product for another.

Derived Demand

The demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.

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Professionals specialized in maintaining and repairing wind turbines to ensure their efficient operation.