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Answer the Following Questions Using the Information Below:
Chappell Brothers

question 16

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Answer the following questions using the information below:
Chappell Brothers Corporation manufactures promotional cricket hoodies and uses budgeted machine-hours to allocate variable manufacturing overhead.The following information pertains to the company's manufacturing overhead data:
 Budgeted output units 25000 units  Budgeted machine-hours 30000 hours  Budgeted variable manufacturing overhead costs for 25000 units $360000 Actual output units produced 20000 units  Actual machine-hours used 28000 hours  Actual variable manufacturing overhead costs $342000\begin{array} { l r } \text { Budgeted output units } & 25000 \text { units } \\\text { Budgeted machine-hours } & 30000 \text { hours } \\\text { Budgeted variable manufacturing overhead costs for } 25000 \text { units } & \$ 360000 \\& \\\text { Actual output units produced } & 20000 \text { units } \\\text { Actual machine-hours used } & 28000 \text { hours } \\\text { Actual variable manufacturing overhead costs } & \$ 342000\end{array}
-What is the flexible-budget variance for variable manufacturing overhead?


Definitions:

p < .05

A statistical term indicating that the probability of the observed data, or more extreme, if the null hypothesis were true, is less than 5%, often used as a threshold for statistical significance.

Experimental Group

In research, a group of subjects who receive the treatment or variable being tested for its effect.

Control Group

The group in an experiment or study that does not receive the experimental treatment, serving as a baseline for comparison with the experimental group.

Mathematical Summaries

The use of statistics, such as mean, median, mode, and range, to provide a comprehensive overview of numerical data.

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