Cavalaris Products Uses a Standard Cost System

question 134

Multiple Choice

Cavalaris Products uses a standard cost system.Overhead costs are allocated based on direct labor hours.In the first quarter,Cavalaris had an unfavorable 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.

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Definitions:

Optimal Choice

The best possible selection among various alternatives based on specific criteria or conditions.

Utility Theory

A theory in economics and finance that models how individuals choose among alternatives to maximize their satisfaction or utility.

Affective Forecasting

The process of predicting one's future emotional states, often with inaccuracies regarding the intensity and duration of future emotions.

Intensity Of Feelings

The strength or magnitude of emotional sensations experienced by an individual.