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:

Continuous Process

A production process that operates without interruption, as opposed to discrete manufacturing processes that are set up and stopped in between the production of different products.

Service Providers

Companies or individuals who offer services to others, as opposed to selling physical products.

Operations Management

The administration of business practices to create the highest level of efficiency possible within an organization, focusing on converting materials and labor into goods and services as efficiently as possible.

Scheduling Chart

A visual tool used to plan and display the timeline of tasks and activities in a project or process.