Answer the Following Question(s)using the Information Below

question 22

Multiple Choice

Answer the following question(s) using the information below.Cakewalk Ltd.delivers shoes in batches.The following information pertains to shipping dance shoes in June:

-What is the Cakewalk Ltd.rate variance for variable shipping overhead costs?

• A)$150 U
• B)$150 F
• C)$560 F
• D)$96 F
• E)$96 U

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Definitions:

Assembly Department

A section of a manufacturing facility where components are put together to form a finished product.

Manufacturing Overhead

All manufacturing costs other than direct materials and direct labor, not directly attributable to a specific product.

Weighted-Average Cost Method

An inventory costing method that assigns a weighted average cost to each unit of inventory on hand.

Conversion Costs

Costs incurred to convert raw materials into finished products, which typically include labor and manufacturing overhead.