Allen Boating Company Manufactures Special Metallic Materials and Decorative Fittings

question 148

Multiple Choice

Allen Boating Company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor.Allen uses standard costs to prepare its flexible budget.For the first quarter of the year,direct materials and direct labor standards for one of their popular products were as follows: Direct materials: 1 pound per unit; $11 per pound
Direct labor: 2 hours per unit; $18 per hour
Allen produced 2,000 units during the quarter.At the end of the quarter,an examination of the direct materials records showed that the company used 6,500 pounds of direct materials and actual total materials costs were $99,600.
What is the direct materials efficiency variance?

• A) $22,000 U
• B) $49,500 U
• C) $22,000 F
• D) $49,500 F

Understand abbreviations, terms, and general notes used in ICD-10-CM.

Distinguish between different types of notes and instructions in ICD-10-CM, including Excludes 1, Excludes 2, Code First, and Use Additional Code.

Recognize and apply the structure of ICD-10-CM codes, including the significance of each character in the code.

Determine the correct code assignment based on the clinical documentation for conditions such as cannabis dependence or abuse.

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Definitions:

Simplify

To make something less complex or easier to understand.

Simplify

To make something less complex or easier to understand by reducing or eliminating unnecessary parts.

Simplify

To simplify means to make something easier to understand or do, often by reducing it to its most basic form.

Simplify

To reduce something to its basic or essential form, often by removing complexity.