Answer the Following Questions Using the Information Below:
the Fortise

question 163

Multiple Choice

Answer the following questions using the information below:
The Fortise Corporation manufactures two types of vacuum cleaners, the Victor for commercial building use and the House-Mate for residences. Budgeted and actual operating data for the year 2015 were as follows:
$$\begin{array}{l}\begin{array} { l r r r } \text { Static Budget } & \text { Victor } & \text { House-Mate } & \text { Total } \\\hline \text { Number sold } & 6,000 & 24,000 & 30,000\\\text { Contribution margin } &\$ 1,560,000 & \$ 3,120,000 &\$ 4,680,000\\\\\text { Actual Results } & \text { Victor } & \text { House-Mate } & \text { Total } \\\text { Number sold } & 5,000 & 35,000 & 40,000 \\\text { Contribution margin } & \$ 1,400,000 & \$ 4,130,000 & \$ 5,530,000\end{array}\end{array}$$
-What is the total sales-quantity variance in terms of the contribution margin?

• A) $200,000 unfavorable
• B) $540,000 favorable
• C) $960,000 unfavorable
• D) $1,560,000 favorable

Analyze the economic effects of World War II on American society.

Comprehend the significance of the Lend-Lease Act and its implications.

Examine American domestic policies during World War II, including the rationing system and labor movements.

Explore the role and status of women and minorities in wartime America.

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Definitions:

Direct Labor

The wages and other payroll costs of the employees who directly produce goods or services.

Work in Process

Inventory that includes materials that have been partially completed but are not yet finished goods.

Job-Order Costing System

A costing methodology that assigns costs to each specific product or job, making it ideal for customized orders.

Overapplied

A situation where the allocated or applied costs exceed the actual expenses, often relating to overhead costs in manufacturing processes.