Answer the Following Question(s)using the Information Below

question 70

Multiple Choice

Answer the following question(s) using the information below.Kellar Corporation manufactured 1,500 chairs during June.The following variable overhead data pertain to June:

-What is the variable overhead flexible-budget variance?

• A)$1,200 favourable
• B)$360 unfavourable
• C)$840 favourable
• D)$1,200 unfavourable
• E)$1,560 unfavourable

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Definitions:

LLP

Refers to a Limited Liability Partnership, a business structure where partners have limited liabilities and the partnership has elements of both partnerships and corporations.

Liable

Legally responsible or obligated, particularly in the context of debts or legal judgements.

Wrongful Dissociation

An unlawful separation or removal of a partner from a partnership contrary to the terms of the partnership agreement or statutes governing partnerships.

Custodian

An entity responsible for the safekeeping, care, and maintenance of assets or property on behalf of its owner(s) or a designated beneficiary.