Jefferson Co

question 128

Multiple Choice

Jefferson Co.uses the following standard to produce a single unit of its product: variable overhead $6 (2 hrs.per unit @ $3/hr. ) .Actual data for the month show variable overhead costs of $150,000,and 24,000 units produced.The total variable overhead variance is:

• A)$6,000F.
• B)$6,000U.
• C)$78,000U.
• D)$78,000F.
• E)$0.

---

Definitions:

Canadian Corporations

Companies incorporated under the laws of Canada, subject to Canadian corporate regulations and taxation.

Cash Flow To Creditors

A firm’s interest payments to creditors less net new borrowings.

Long-Term Loan

A type of financing that is paid back over an extended time frame, extending beyond one year.

Capital Gains

The gain realized when the price at which an asset or investment is sold surpasses the price it was originally bought for.