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(Appendix 11A) Pohl Corporation uses a standard cost system in which manufacturing overhead is applied on the basis of standard machine-hours.For June, the company's manufacturing overhead flexible budget showed the following total budgeted costs at a denominator activity level of 20, 000 machine-hours: During June, 17, 000 machine-hours were used to complete 13, 000 units of product, and the following actual total overhead costs were incurred:
At standard, each unit of finished product requires 1.4 hours of machine time. The variable overhead rate variance for maintenance cost for June was:
Behaviorism
A theoretical orientation based on the premise that scientific psychology should study only observable behavior, emphasizing the effects of environment on behavior.
Logical Evaluation
The process of examining statements, hypotheses, or arguments critically and systematically using reasoning and logic to assess their validity or soundness.
Reason
The mental capacity of an individual to apply logic in analyzing and solving problems, and in making decisions or forming judgments.
Critical Thinking
The objective analysis and evaluation of an issue in order to form a judgment.
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