Answer the Following Questions Using the Information Below

question 105

Multiple Choice

Answer the following questions using the information below:
Brown Corporation manufactured 3,000 chairs during June. The following variable overhead data pertain to June:

-What is the variable overhead flexible-budget variance?

• A)$2,400 favorable
• B)$720 unfavorable
• C)$3,120 favorable
• D)$2,400 unfavorable

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Definitions:

Investment

Allocation of resources, usually financial, in expectation of generating an income or profit over time through appreciation, dividends, or interests.

Pay

Compensation received by an employee from an employer in exchange for performing a job.

Thirty Year Mortgage

A long-term home loan typically repaid over 30 years through fixed monthly payments, often with a fixed interest rate.

Monthly Payment

The amount paid each month on a loan, mortgage, or other debt obligation.