Abbott Has a Standard Variable Overhead Rate of $4

question 64

Multiple Choice

Abbott has a standard variable overhead rate of $4.50 per machine hour, and each unit produced has a standard time allowed of three hours. The company's static budget was based on 46,000 units. Actual results for the year follow.
Actual units produced: 42,000
Actual machine hours worked: 120,000
Actual variable overhead incurred: $520,000
Abbott's variable-overhead spending variance is:

• A) $20,000 favorable.
• B) $20,000 unfavorable.
• C) $27,000 favorable.
• D) $27,000 unfavorable.
• E) None of the other answers are correct.

Recognize the psychological roles of the id, ego, and superego in Freud’s model.

Explore the concept of psychosexual development stages and their impacts on personality.

Differentiate between Freud's concepts of Oedipus complex, castration anxiety, and penis envy.

Understand the significance of Freudian slips and their relation to unconscious thoughts.

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Definitions:

Sensory Systems

Complex networks of organs and structures that allow organisms to perceive and respond to their surroundings, including sight, sound, touch, taste, and smell.

Nuptial Gift

A resource provided by one member of a species (often the male) to a mating partner (often the female) as part of courtship or copulation, which can range from food to items that enhance the recipient's survival or reproductive success.

Sensory Exploitation

A theory suggesting that certain mating preferences arise because they exploit pre-existing sensory biases or preferences in the opposite sex.

Light Reflectance

Light reflectance is the process or measure of the proportion of light that is reflected from a surface when illuminated.