The Following Information Relates to Thomas Manufacturing's Overhead Costs for the Month

question 49

Essay

The following information relates to Thomas Manufacturing's overhead costs for the month:

Thomas allocates manufacturing overhead to production based on standard direct labor hours.
Thomas reported the following actual results for last month: actual variable overhead,$14,500;actual fixed overhead,$5,400;actual production of 4,700 units at 0.22 direct labor hours per unit.The standard direct labor time is 0.20 direct labor hours per unit.
Compute the fixed overhead volume variance.

Compare and contrast different models of federalism, including dual federalism and cooperative federalism.

Identify powers reserved to state governments and understand the constitutional basis for these powers.

Assess the merits and drawbacks of the federal system compared to unitary and confederal systems.

Examine the concept of concurrent powers and their application.