Gina Production Company Uses a Standard Costing System

question 141

Multiple Choice

Gina Production Company uses a standard costing system.The following information pertains to the current year:
The overhead rate is based on an activity level of 10,000 hours.Standard cost data for 5,000 units is as follows:

What is the fixed overhead volume variance for Gina Production Company?

---

Definitions:

Gemmae

Small asexual reproductive structures produced by some plants, such as mosses and liverworts, which can develop into new individuals.

Liverworts

Simple, non-vascular plants belonging to the division Marchantiophyta, found in moist, shady environments and playing roles in ecosystems as pioneer species.

Sago Palms

Tropical plants of the genus Cycas, known for their large compound leaves and the production of sago, a starch extracted from their trunks.

Tree Ferns

Ancient group of plants with large leaves and a trunk resembling a tree, thriving mostly in tropical and subtropical regions.