Olivera Corporation's Performance Report for Last Month Shows That Actual

question 191

Multiple Choice

Olivera Corporation's performance report for last month shows that actual indirect materials cost, a variable cost, was $31,178 and that the spending variance for indirect materials cost was $2,261 unfavorable. During that month, the company worked 11,900 machine-hours. Budgeted activity for the month had been 12,200 machine-hours. The cost formula per machine-hour for indirect materials cost must have been closest to:

• A)$2.74
• B)$2.81
• C)$2.37
• D)$2.43

---

Definitions:

Toys

Objects designed for play, typically used by children, to provide entertainment and possibly to assist in their developmental processes.

Authoritative Parents

Parents who combine warmth and sensitivity with firmness in their parenting style, often leading to high levels of self-reliance and social competence in their children.

Self-Reliance

The reliance on one's own powers and resources rather than those of others.

Low Self-Esteem

A condition where an individual harbors negative views about their worth and capabilities, often affecting their mental wellbeing and social interactions.