A Manufacturing Company That Has Only One Product Has Established

question 93

Multiple Choice

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company uses direct labour hours (DLHs) as its measure of activity.
$\begin{array}{|l|r|}\hline \text { Standard Hours per Unit of Output } & 7.2 \mathrm{DLHs} \\\hline \text { Standard Variable Overhead Rate } & \$ 14.20 \text { per DLH } \\\hline\end{array}$
The following data pertain to operations for the last month:
$\begin{array}{|l|r|}\hline \text { Actual Direct Labour Hours } & 5,100 \text { DLHs } \\\hline \text { Actual Total Variable Overhead Cost } & \$ 72,165 \\\hline \text { Actual Output } & 600 \text { units } \\\hline\end{array}$
-What was the variable overhead spending variance for the month?

• A) $255 favourable.
• B) $255 unfavourable.
• C) $10,821 favourable.
• D) $10,821 unfavourable.

Define and understand unscientific thinking and its examples.

Understand the significance of observation in forming patterns and propositions.

Distinguish between scientific and unscientific knowledge.

Recognize the role of sociological research in linking abstract and concrete experiences.

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Definitions:

Economic Capital

Represents the financial assets, wealth, and resources owned by an individual or organization, enabling economic transactions and investments.

Ascription

Ascription involves assigning status to an individual or group, often based on characteristics like age, gender, or ethnicity, rather than personal achievement.

Achievement

The accomplishment of a goal or the attainment of success in a particular area, often recognized through tangible rewards or social acknowledgment.

Income

Income is the financial gain or money received by an individual or household from work, investments, or other sources, often measured over a specific period of time.