Answer the Following Question(s)using the Information Below

question 74

Multiple Choice

Answer the following question(s) using the information below.Willis Corporation manufactures industrial-sized gas furnaces and uses budgeted machine-hours to allocate variable manufacturing overhead.The following information pertains to the company's manufacturing overhead data:

-What is the flexible-budget variance for variable manufacturing overhead?

• A)$54,000 unfavourable
• B)$19,600 unfavourable
• C)$11,000 favourable
• D)$11,000 unfavourable
• E)$161,500 unfavourable

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the optimal level of supply and demand is not achieved.

Labor Market

The demand and supply of labor, in which individuals look for jobs and employers search for employees.

Deadweight Loss

When a good or service fails to reach or cannot reach its market balance, an economic inefficiency occurs.

Maximize Loss

The strategic or accidental pursuit of actions that result in the largest possible financial loss, often used in theoretical analyses.