Hexene, Inc

question 71

Multiple Choice

Hexene, Inc.produces a specialized machine part used in forklifts.For last year's operations, the following data were gathered:
Hexene employs a standard costing system.During the year, a variable overhead rate of $6.00 was used.The labor standard requires 0.75 hours per unit produced.The variable overhead spending and efficiency variances are:

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Definitions:

Habits

Regular patterns of behavior that are acquired through frequent repetition and often occur subconsciously.

Multi-tasking

The ability to perform more than one task or activity simultaneously, though often leading to a decrease in performance or quality in the tasks.

Encoding

The process by which information is transformed into a format that can be stored in memory.

Storage

In cognitive psychology, the retention of information or experiences in the brain for later retrieval, an essential component of the memory process.