The Dillon Corporation Makes and Sells a Single Product

question 45

Multiple Choice

The Dillon Corporation makes and sells a single product. Overhead costs are applied on the basis of standard direct labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit. The Dillon Corporation had the following budgeted and actual data for March: The fixed manufacturing overhead volume variance for March is:

• A)$7,750 F
• B)$7,750 U
• C)$1,550 F
• D)$3,900 U

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Definitions:

Mode

The value that appears most frequently in a data set, representing the most common or popular observation.

Standard Deviation

A measure of the amount of variation or dispersion in a set of values, indicating how much the values in the set differ from the mean.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.

Height and Weight

Physical measurements used to assess a person's body size and composition.