Rising,Inc

question 122

Multiple Choice

Rising,Inc.,uses the following standard to produce a single unit of its product:
Overhead (2 hrs.@ $3/hr.) = $6
The flexible budget for overhead is $100,000 plus $1 per direct labor hour.Actual data for the month show overhead costs of $150,000 based on 24,000 units of production.The overhead volume variance is:

• A) $10,000 favorable
• B) $12,000 favorable
• C) $4,000 unfavorable
• D) $16,000 unfavorable
• E) $36,000 unfavorable

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Definitions:

Proof 2

An alternative term generally meaning evidence or argument establishing a fact or the truth of a statement.

Demonstrations

organized activities by a group of people to show their protest, or support for, or against a cause.

Validity

The property of an argument in which the truth of the premises logically guarantees the truth of the conclusion.

Hypothetical Syllogism (HS)

A logical argument consisting of two conditional statements and a conclusion that is logically inferred from them.