The Standard Costs and Actual Costs for Direct Materials, Direct

question 155

Multiple Choice

The standard costs and actual costs for direct materials, direct labor, and factory overhead for the manufacture of 2,500 units of product are as follows: $\begin{array}{lrr} \text { Standard Costs } &\\ \text {2,500 kilograms@\$8 } & \text {Direct material}\\ \text { 7,500 hours @\$12 } & \text { Direct labor}\\\\ \text { Actual Costs } &\\ \text { 2,600 kilograms@\$8.75 } & \text {Direct material }\\ \text { 7,400 hours @ \( \$ 11.40 \) } & \text {Direct labor}\\\\ \text { Factory overhead (100\% capacity } &\\ \text { \( 10,000 \mathrm{hrs}) : \) } &\\\end{array}$
Variable cost @ $2 per hour
Total variable cost, $18,000
Fixed cost @ $0.80 per hour
Total fixed cost, $8,000
The amount of the fixed factory overhead volume variance is:

• A) $2,000 favorable.
• B) $2,500 favorable.
• C) $2,500 unfavorable.
• D) $2,000 unfavorable.

Understand the concept of co-custody including arguments for and against it.

Identify and describe the four phases of separation in the context of marital dissolution.

Explain micro-level reasons for divorce, highlighting personal and interpersonal factors.

Distinguish between collaborative divorce and other divorce methods, including suitability based on couple's circumstances.

---

Definitions:

Consolidated Statement of Cash Flows

A financial statement that presents the total cash inflows and outflows of a parent company and its subsidiaries.

Non-Voting

Shares in a company that do not grant the shareholder the right to vote on corporate matters.

Cumulative Preferred Stock

Preferred stock that accumulates dividends in case they are not paid in the period they were declared, ensuring those dividends are paid out before any dividends to common shareholders.

Noncontrolling Interest

Equity in a subsidiary not attributable directly or indirectly to the parent company, reflecting the portion of subsidiary earnings not owned by the parent.