Trull Company Uses a Standard Cost System

question 7

Multiple Choice

Trull Company uses a standard cost system.Variable overhead costs are allocated based on direct labor hours.In the first quarter,Trull had a favorable cost variance for variable overhead costs.Which of the following scenarios is a reasonable explanation for this variance?

• A) The actual number of direct labor hours was lower than the budgeted hours.
• B) The actual variable overhead costs were higher than the budgeted costs.
• C) The actual variable overhead costs were lower than the budgeted costs.
• D) The actual number of direct labor hours was higher than the budgeted hours.

---

Definitions:

Institutional Racism

Behaviour, policies, or practices that disadvantage racialized persons; can be intentional or unintentional.

Treaty Violations

Acts that breach the terms and conditions of formal agreements made between nations or entities.

Canadian Charter

Refers to the Canadian Charter of Rights and Freedoms, a bill of rights entrenched in the Constitution of Canada, protecting various civil liberties.

Hate Speech

Communication that belittles or maligns individuals or groups based on attributes such as race, religion, ethnic origin, sexual orientation, disability, or gender.