The Dodge Company Makes and Sells a Single Product and Uses

question 74

Multiple Choice

The Dodge Company makes and sells a single product and uses a standard cost system in which manufacturing overhead costs are applied to units of product on the basis of standard direct labor-hours. The standard cost card shows that 5 direct labor-hours are required per unit of product. The Dodge Company had the following budgeted and actual data for the year:

The budgeted direct labor-hours is used as the denominator activity for the month.
-The fixed manufacturing overhead budget variance was:

• A)$750 F
• B)$3,750 F
• C)$7,500 F
• D)$3,000 U

Distinguish the methodologies used to study influence and conformity, such as Asch and Crutchfield situations.

Comprehend the relationship between social impact theory variables and conformity.

Appreciate the cultural and contextual factors affecting conformity and social influence.

Understand the distinction and implications of conforming to group norms in social contexts.

---

Definitions:

Paid Time Off

A policy that gives employees a set amount of days off that are paid by the employer, covering absence for reasons like vacation, illness, and personal time.

Preferred Provider Organization

A managed care organization of medical doctors, hospitals, and other health care providers who have agreed with an insurer to provide health care at reduced rates to the insurer's clients.

Health Care Professionals

Trained and licensed individuals who provide preventive, curative, promotional, or rehabilitative health care services to individuals or communities.

Health Maintenance Organization

A type of health insurance plan that provides a wide range of healthcare services through a network of providers who agree to supply services to members.