Mason, Inc

question 94

Multiple Choice

Mason, Inc. uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $1 and $5 per direct labour hour, respectively. Data relevant for the current period include: Direct materials purchased 50,000 kg. @ $12 per kg.
Direct materials used 50,000 kg.
Standard quantity of direct materials
For actual production 45,000 kg.
Direct materials standard price $13 per kg.
Direct labour costs incurred 75,000 hours @ $12 per hour
Standard direct labour hours for
Actual production 78,000 hours
Standard direct labour cost per hour $11 per hour
Variable overhead costs incurred $77,070
Fixed overhead costs incurred $381,920
The variable overhead spending variance is:

• A)$930 Favourable
• B)$2,070 Unfavourable
• C)$33,000 Unfavourable
• D)$3,300 Unfavourable

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Definitions:

Nursing Assessment Models

Frameworks that guide nurses in the systematic collection of patient data to determine nursing care needs.

Objective Data

Information that is measurable, observable, and verifiable by others, not influenced by personal feelings or interpretations.

Subjective Data

Information collected from a patient about their feelings, perceptions, and symptoms that cannot be objectively measured.

Ongoing Assessment

A continuous evaluation process to monitor and evaluate the progress, condition, or effectiveness of a situation or health status.