Somalian Corporation Uses a Standard Costing System

question 111

Multiple Choice

Somalian Corporation uses a standard costing system. Information for the month of May is as follows: The factory overhead rate is based on a normal volume of 12,000 direct labor hours. Standard cost data at 12,000 direct labor hours were as follows:
What is the fixed overhead spending variance for Somalian?

• A) $4,000 (
• B) $8,000 (
• C) $2,000 (
• D) $20,000 (

Identify best practices before conducting performance reviews.

Understand the characteristics of one-minute praising and reprimands according to Ken Blanchard and Spencer Johnson.

Comprehend the core elements of effective performance management and leadership.

Understand the sources of variance in performance ratings.

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Definitions:

Nineteenth Century

The era spanning from January 1, 1801, to December 31, 1900, marked by profound industrial, cultural, and political shifts globally.

Maintained Independence

The state of a nation or entity having preserved its sovereignty and self-governance over time, often despite challenges or threats.

Religious Freedom

The principle that supports the freedom of an individual or community, in public or private, to manifest religion or belief in teaching, practice, worship, and observance without government intervention.

System of Governance

The framework by which an organization or society is governed, incorporating laws, regulations, and practices that define how power is exercised and decisions are made.