Ledezma Corporation Makes a Product with the Following Standards for Direct

question 334

Multiple Choice

Ledezma Corporation makes a product with the following standards for direct labor and variable overhead: In May the company produced 2,500 units using 1,210 direct labor-hours. The actual variable overhead cost was $9,922. The company applies variable overhead on the basis of direct labor-hours. The variable overhead efficiency variance for May is:

• A)$328 F
• B)$328 U
• C)$320 F
• D)$320 U

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Definitions:

Private Enterprise

Businesses or economic activities that are owned and operated by private individuals or companies, not by the state or government entities.

Public Good

A product that one individual can consume without reducing its availability to another individual and from which no one is excluded.

Foreign Aid

Financial or material support given by one country to another, typically for economic, humanitarian, or developmental purposes.

GDP

Stands for Gross Domestic Product, the total value of all goods and services produced within a country's borders in a specific time period, serving as a broad measure of economic activity.