Tyro Company Has a Standard Cost System That Applies Manufacturing

question 42

Multiple Choice

Tyro Company has a standard cost system that applies manufacturing overhead to units of product on the basis of direct labour hours (DLHs) .The following information is available:
Based on these data,what was the variable overhead spending variance?

• A) $750 unfavourable.
• B) $950 favourable.
• C) $1,500 unfavourable.
• D) $1,700 favourable.

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Definitions:

Framework Strategy

A plan or method designed to structure and guide the resolution of a problem or achievement of a goal.

Analogical Thinking

A cognitive process of transferring information or meaning from a particular subject to another based on their similarity.

Metaphorical Thinking

A cognitive process that uses metaphor or symbolic comparison to understand and conceptualize complex ideas or phenomena by relating them to familiar objects or concepts.

Creativity

The ability to produce original and valuable ideas or solutions by thinking beyond established patterns or perspectives.