Eliezrie Corporation Makes a Product with the Following Standard Costs

question 62

Multiple Choice

Eliezrie Corporation makes a product with the following standard costs: In January the company's budgeted production was 7,400 units but the actual production was 7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to produce this output. During the month, the company purchased 48,500 kilos of the direct material at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead cost was $7,714. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for January is:

• A)$836 F
• B)$836 U
• C)$880 F
• D)$880 U

Appreciate Bronfenbrenner's Ecological Systems Theory in understanding family and educational dynamics.

Comprehend the principle of wholeness in family systems theory and its implications for family functionality.

Recognize the significance of school and family collaboration for the holistic development of children.

Understand Epstein's framework of family involvement in educational contexts.

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Definitions:

Business-Specific Risk

Refers to the uncertainties faced by a company due to the industry it operates in or the nature of its business operations.

Security Market Line

A representation in financial markets that shows the relationship between risk (as measured by beta) and the expected return of a portfolio or individual security.

Stock Market Equilibrium

A situation where the supply of stocks for sale is equal to the demand, and hence the market price is stable.

Required Rates of Return

The minimum annual percentage earned by an investment that will persuade the individual or company to invest.