Underfoot Products Uses Standard Costing Compute the Fixed Overhead Variance

question 102

Multiple Choice

Underfoot Products uses standard costing.The following information about overhead was generated during May: $$\begin{array} { l l } \text { Standard variable overhead rate } & \$ 2 \text { per machine howr } \\\text { Standard fixed overhead rate } & \$ 1 \text { per machine hour } \\\text { Actual variable overhead costs } & \$ 390,000 \\\text { Actual Eixed dverhead costs } & \$ 175,000 \\\text { Budgeted fixed overhead costs } & \$ 190,000 \\\text { Standard machine hours per urit produced } & 10 \\\text { Good urits produced } & 18,000 \\\text { Actual machine hours } & 200,000\end{array}$$
Compute the fixed overhead variance.

• A) $5,000 (F)
• B) $5,000 (U)
• C) $10,000 (U)
• D) $10,000 (F)

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Definitions:

ERPs

Event-Related Potentials, a measured brain response that is the direct result of a specific sensory, cognitive, or motor event.

EEG

Electroencephalography, a non-invasive method to record electrical activity of the brain via electrodes placed on the scalp.

Brain-behavior Research

The study of how brain function and structure affect behavior, including cognitive processes and emotional responses.

MRI

Magnetic Resonance Imaging, a medical imaging technique used to visualize internal structures of the body in detail.