Hamner Corporation's Flexible Budget Performance Report for Last Month Shows

question 225

Multiple Choice

Hamner Corporation's flexible budget performance report for last month shows that actual indirect materials cost,a variable cost,was $45,240 and that the spending variance for indirect materials cost was $3,480 unfavorable.During that month,the company worked 17,400 machine-hours.Budgeted activity for the month had been 17,000 machine-hours.The cost formula per machine-hour for indirect materials cost must have been closest to:

• A)$2.46
• B)$2.87
• C)$2.40
• D)$2.80

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Definitions:

Cultural Relativism

The principle of understanding and judging a culture by its own values and standards rather than applying the standards of another culture.

Ethnocentrism

Ethnocentrism is the belief in the inherent superiority of one's own ethnic group or culture, often accompanied by prejudice or discrimination against other groups.

Cultural Relativism

The principle that an individual's beliefs and activities should be understood by others in terms of that individual's own culture.

Cultural Context

The environment or situation that includes the social norms, values, customs, and beliefs that influence the behavior and perception of individuals.