A Manufacturer of Playground Equipment Uses a Standard Costing System

question 65

Multiple Choice

A manufacturer of playground equipment uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period: The fixed manufacturing overhead volume variance for the period is closest to:

• A)$2,256 F
• B)$2,331 F
• C)$3,089 U
• D)$5,420 F

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Definitions:

Silicate Minerals

Minerals that contain silicon and oxygen in their chemical structure, making up the majority of the Earth's crust.

Sulfides

A group of minerals containing sulfur (S) bonded with a metal.

Pyrite

A common, pale bronze to brass yellow, iron sulfide mineral, commonly called “fool’s gold.”

Element S

Refers to Sulfur, a chemical element with the symbol S and atomic number 16, known for its bright yellow crystals.