The Following Standards for Variable Manufacturing Overhead Have Been Established

question 390

Multiple Choice

The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month: What is the variable overhead efficiency variance for the month?

• A)$1,680 F
• B)$1,190 U
• C)$1,155 U
• D)$1,190 F

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Definitions:

Bargaining Agent

A body certified to act on behalf of a group of employees or employers.

Bargaining Unit

A group of employees with a clear and identifiable community of interest who are represented by a single labor union in collective bargaining.

Public Sector

The part of the economy that is controlled by the government including services such as education, healthcare, and law enforcement.

Private Sector

The part of the economy owned and operated by individuals and companies for profit, as opposed to the public sector operated by the government.