Figure 8 the Following Information Was Extracted from the Accounting Records of Records

question 42

Multiple Choice

Figure 8
The following information was extracted from the accounting records of Noelle Company:
Budgeted fixed overhead for the period is £420,000, and the budgeted fixed overhead rate is based on an expected capacity of 30,000 direct labour hours.
The following information is available regarding the company's operations for the period:

-Refer to Figure 8. Noelle's variable overhead spending (expenditure) variance would be

• A) £7,000 favorable
• B) £8,000 unfavorable
• C) £15,000 favorable
• D) £23,000 unfavorable

---

Definitions:

Monetary Compensation

Financial payment provided to workers for their labor, including salaries, wages, bonuses, and benefits.

Sociability

The quality of being friendly, social, and willing to engage with others in social settings.