Beakins Corporation Produces a Single Product

question 262

Multiple Choice

Beakins Corporation produces a single product. The standard cost card for the product follows: During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below: The company records all variances at the earliest possible point in time. Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The variable overhead rate variance for the period is:

• A)$1,680 F
• B)$1,440 U
• C)$1,440 F
• D)$1,680 U

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Definitions:

Need for Affiliation

A person's inherent desire to feel connected to others, seeking social bonds and meaningful relationships.

Need for Achievement

A psychological trait that drives individuals to achieve goals and excel in their endeavors.

Desire to Excel

The strong motivation or ambition to surpass others or oneself in performance or achievement.

Acquired Needs Theory

A motivational theory that categorizes an individual's specific needs into three categories: achievement, affiliation, and power.