Novelli Corporation Makes a Product Whose Variable Overhead Standards Are

question 49

Multiple Choice

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead rate standard is $5.00 per hour. In September the company produced 1,600 units using 950 direct labor-hours. The actual variable overhead rate was $5.10 per hour. The variable overhead rate variance for September is:

• A)$95 F
• B)$96 U
• C)$95 U
• D)$96 F

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Definitions:

Sexual Harassment

In the employment context, the granting of job promotions or other benefits in return for sexual favors (quid pro quo harassment), or language or conduct that is so sexually offensive that it creates a hostile working environment (hostile environment harassment).

Wrongful Termination

The illegal firing of an employee in violation of federal or state laws, or breach of employment contract terms.

Disability Income

Financial compensation provided to individuals who are unable to work due to a disability.

Probate

The process of "proving" the validity of a will and ensuring that the instructions in a valid will are carried out.