(Appendix 11A)Omary Corporation Has a Standard Cost System in Which

question 63

Multiple Choice

(Appendix 11A) Omary Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) .The company has provided the following data for the most recent month: What was the total of the variable overhead rate and fixed manufacturing overhead budget variances for the month?

• A)$1, 520 Unfavorable
• B)$3, 180 Favorable
• C)$4, 820 Unfavorable
• D)$6, 340 Unfavorable

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Definitions:

Continental Rifts

Regions where the Earth's crust is being pulled apart due to tectonic forces, often leading to the formation of new ocean basins.

Igneous Rocks

Rocks formed through the cooling and solidification of magma or lava, classified as intrusive or extrusive based on where they solidify.

Melting Occurs

The process by which a solid becomes a liquid due to an increase in temperature and/or a decrease in pressure.

Diverging Plates

Tectonic plates that are moving away from each other, often resulting in the formation of new crust as magma rises to fill the gap, seen at mid-ocean ridges and continental rift zones.