Franklin Glass Works Uses a Standard Cost System in Which

question 104

Multiple Choice

Franklin Glass Works uses a standard cost system in which manufacturing overhead is applied on the basis of standard direct labor-hours. Each unit requires two standard hours of direct labor 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 manufacturing overhead rate was $1.50 per direct labor-hour. The actual data pertaining to the manufacturing overhead for the year are presented below:
-Franklin's variable overhead efficiency variance for the year is:

• A)$33,000 unfavorable
• B)$35,200 favorable
• C)$35,200 unfavorable
• D)$33,000 favorable

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Definitions:

Competition

A situation in which individuals or groups strive against each other to achieve a goal that cannot be shared.

Cooperation

The process of groups or individuals working together towards a common goal, often resulting in mutual benefit and shared success.

Self-objectification

The tendency to perceive oneself primarily as an object to be looked at and evaluated based on physical appearance.

Stereotype Threat

The fear or anxiety of confirming negative stereotypes about one’s group, which can impair performance.