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

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Definitions:

Firearm Deaths

Firearm deaths are fatalities resulting from injuries caused by guns, including accidents, suicides, and homicides.

Northern States

Geographical regions located in the northern part of a country, often characterized by specific climatic, cultural, or socio-economic traits.

Socioeconomic Status

An individual or group's economic and social position based on income, education, and occupation, influencing their access to resources.

Murder Rate

The number of murders per unit of population within a specified time frame, often used as an indicator of societal violence levels.