The Managerial Accountant at Space Right Office Cubicles Calculates Fixed

question 203

Multiple Choice

The managerial accountant at Space Right Office Cubicles calculates fixed overhead variances to complete the August report. The actual fixed overhead cost in the month of August was $62,100 and the budgeted fixed overhead cost was $63,300. The standard hours in August were 3300 and the standard rate per machine-hour was $19. Calculate the standard fixed overhead cost allocated to production, the fixed overhead budget variance, and the fixed overhead volume variance.

• A)$63,300; $1800 F; $600 U
• B)$62,100; $3332 F; $1200 U
• C)$62,700; $1200 F; $600 U
• D)$58,800; $600 F; $1200 U

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Definitions:

Generalizability

The extent to which research findings can be applied to broader populations or different contexts beyond the original study setting.

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The quality of being trusted and believed in, often based on a track record of reliability and authenticity.

Specificity

The ability of a test or procedure to correctly identify those without the condition or trait being tested for, minimizing false positives.

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The extent to which the results of a study can be generalized to other situations and to other people.