A Manufacturing Company Uses a Standard Costing System in Which

question 54

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:
-What was the fixed manufacturing overhead budget variance for the period to the nearest dollar?

• A)$1,800 U
• B)$222 F
• C)$1,010 U
• D)$785 U

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Definitions:

Offering

A product, service, or combination thereof that a company presents to its customers.

Place Utility

Availability of a product in a location convenient for customers.

Title Transfer

The legal process of transferring ownership of property, such as real estate or vehicles, from one party to another.

Location

The geographical place or position of something.