Answer the Following Questions Using the Information Below

question 100

Multiple Choice

Answer the following questions using the information below:
Gus Corporation manufactured 10,000 golf bags during April. The fixed overhead cost-allocation rate is $40.00 per machine-hour. The following fixed overhead data pertain to March:

-An unfavorable production-volume variance of $20,000 indicates that the company has:

• A)unused fixed manufacturing overhead capacity
• B)overallocated $20,000 of fixed manufacturing overhead costs
• C)$20,000 more capacity than needed
• D)an economic loss of $20,000 from selling fewer products than planned

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Definitions:

Reliability

The degree to which an assessment tool produces stable and consistent results over time.

Standardization

The process of implementing and developing technical standards to ensure consistency, safety, and efficiency across various activities or products.

Established Criteria

Predefined standards or benchmarks used for decision-making or evaluation purposes.

Creative Thinkers

Individuals who have the ability to think outside of the box and produce new and original ideas or solutions.