If the Standard to Produce a Given Amount of Product

question 9

True/False

If the standard to produce a given amount of product is 12,000 hours at a factory overhead rate of $5 ($3 fixed, $2 variable), actual variable factory overhead was $26,400, actual fixed factory overhead was $45,000, and 100% of productive capacity is 15,000 hours, the volume variance was $9,000 favorable.

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Definitions:

Credibility

The quality of being trusted and believed in, often resulting from a demonstrated record of reliability and integrity.

Reciprocity

Reciprocity is a social norm that involves mutual exchange, where actions or benefits provided by one party are returned by another.

ACE Model

A conceptual framework focusing on Awareness, Commitment, and Execution, used in various contexts to improve performance and outcomes.

Effectiveness

The degree to which objectives are achieved, reflecting the capability of producing a desired result.