Answer the Following Questions Using the Information Below

question 94

Multiple Choice

Answer the following questions using the information below:
Stiller Corporation incurred fixed manufacturing costs of $12,000 during 2011. Other information for 2011 includes:
The company uses absorption costing and the fixed manufacturing cost rate is based on the budgeted denominator level. Manufacturing variances are closed to cost of goods sold.
-The production-volume variance is:

• A)$4,000
• B)$3,000
• C)$4,800

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Definitions:

Global Retail

The selling of goods and services across international borders, through either physical stores or digital platforms, to consumers in different countries.

Independent Retailers

Retail outlets owned and operated by individuals or groups, not part of a larger chain or brand, often offering unique products or personalized services.

Retailer Cooperatives

An organization of independent retailers who collaborate to improve purchasing power and marketing efficiency through collective operations.

Corporate Chains

Two or more retail outlets that are commonly owned and controlled.