Kris Company Calculates Its Predetermined Rates Using Practical Volume, Which

question 178

Multiple Choice

Kris Company calculates its predetermined rates using practical volume, which is 325,000 units.The standard cost system allows 3 direct labor hours per unit produced.Overhead is applied using direct labor hours.The total budgeted overhead is $4,260,000, of which $994,000 is fixed overhead.The actual results for the year are as follows:

- Calculate the fixed overhead spending variance.

• A) $32,000 F
• B) $0
• C) $4,000 U
• D) $12,000 U
• E) $4,000 F

---

Definitions:

Evolutionary Relationships

The connections among different species or organisms that can be traced back to a common ancestor, explored through genetics, physical characteristics, and other biological data.

Amniotes

Terrestrial vertebrates: reptiles, birds, and mammals; animals whose embryos are enclosed by an amnion.

Lungfish

A type of freshwater fish with the unique ability to breathe air using lungs, allowing them to survive in habitats with low oxygen levels.

Lobe-Finned Fishes

A class of fish known for their fleshy, lobed, paired fins, which are precursors to the limbs of land-dwelling vertebrates.