Franklin Glass Works Uses a Standard Cost System in Which

question 60

Multiple Choice

Franklin Glass Works uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of direct labour-hours. Each unit requires two standard hours of labour for completion. The denominator activity for the year was based on budgeted production of 200,000 units. Total overhead was budgeted at £900,000 for the year, and the fixed overhead rate was £3.00 per unit. The actual data pertaining to the manufacturing overhead for the year are presented below: $$\begin{array} { l l } \text { Actual production } & 198,000 \text { units } \\\text { Actual direct labour-hours } & 440,000 \text { direct labour-hours } \\\text { Actual variable overhead } & £ 352,000 \\\text { Actual fixed overhead } & £ 575,000\end{array}$$
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Franklin's fixed overhead volume variance for the year is

• A)£6,000 unfavourable.
• B)£19,000 favourable.
• C)£25,000 favourable.
• D)£55,000 unfavourable.

Understand the principles of the ecological systems model.

Differentiate between various systems within the ecological systems model.

Understand the concept of outcomes within the ecological systems model, illustrating equifinality and multifinality.

Identify and explain the roles of different systems in achieving social work objectives.

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Definitions:

Significance Level

This represents the threshold below which the p-value of a test statistic must fall for results to be considered statistically significant, thus leading to the rejection of the null hypothesis.

Supermarkets

Large retail market places that sell food and household merchandise.

Customers

Individuals or businesses that purchase goods or services from another entity, providing the revenue stream for the business.

Prejudicial Hiring Practices

Employment practices that unfairly discriminate against candidates based on non-job-related characteristics.