Answer the Following Questions Using the Information Below

question 38

Multiple Choice

Answer the following questions using the information below:
Veach Corporation incurred fixed manufacturing costs of $6,000 during 2015. Other information for 2015 includes:
The budgeted denominator level is 1,000 units.
Units produced total 750 units.
Units sold total 600 units.
Beginning inventory was zero.
The company uses variable 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 totals ________.

• A) $2,000
• B) $1,500
• C) $2,400
• D) 0

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Definitions:

War of 1812

A conflict fought between the United States and the United Kingdom, along with their respective allies, from 1812 to 1815, primarily over issues of trade restrictions and American territorial expansion.

New England Merchants

Colonial and early American merchants located in the New England region, known for engaging in trade and commerce, including the Triangle Trade.

Mob Violence

Acts of violence committed by large groups of people, often driven by social, political, or economic grievances.

Shawnee Leader

typically refers to a figure of authority or notable individual within the Shawnee, a Native American tribe originally from the Ohio Valley region, playing significant roles in their community and history.