The Richie Company Uses a Standard Costing System in Which

question 20

Multiple Choice

The Richie Company uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. Data for the month of October include the following:

• Variable manufacturing overhead cost incurred: $42,750
• Total variable manufacturing overhead variance: $5,430 favorable
• Standard machine setups allowed for actual production: 2,920 setups
• Actual machine setups incurred: 2,850 setups
-The variable overhead rate variance is:

• A)$4,275 favorable
• B)$4,275 unfavorable
• C)$1,050 unfavorable
• D)$1,050 favorable

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Definitions:

Behaviors

Observable actions or responses of an individual or a system in response to external or internal stimuli.

Plasticity

The brain's ability to change and adapt as a result of experience, which can occur through the reorganization of neural pathways or the growth of new neurons.

Wiring

In neuroscience, it refers to the complex network of neurons and their connections in the brain.

Sex Differences

Refers to the biological and physiological distinctions between males and females, including chromosomes, hormones, and reproductive organs.