A Manufacturing Company Uses a Standard Costing System in Which

question 39

Multiple Choice

A manufacturing company 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 variable overhead rate variance for the period was closest to:

• A)$315 U
• B)$1,465 F
• C)$1,465 U
• D)$315 F

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Definitions:

Triad

In social sciences, a group or relationship that involves three entities, which can significantly differ in dynamics from dyads (two entities).

Two-Component Model

A theory or framework that divides a concept or phenomenon into two distinct parts for better understanding or analysis.

Attitude

A psychological tendency expressed by evaluating an entity with some degree of favor or disfavor.

Three-Component Model

A theory in psychology that describes three major components of attitude: cognitive, affective, and behavioral.