A Manufacturer of Playground Equipment Uses a Standard Costing System

question 95

Multiple Choice

A manufacturer of playground equipment uses a standard costing system in which standard machine-hours (MHs) is the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: The following data pertain to operations for the most recent period:
-What was the fixed manufacturing overhead budget variance for the period to the nearest dollar?

• A)$881 U
• B)$484 U
• C)$395 U
• D)$1,500 F

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Definitions:

Objective Test

A form of assessment designed to objectively measure an individual's knowledge, abilities, or personality characteristics without bias or subjective interpretation.

IAT

IAT (Implicit Association Test) is a psychological assessment tool designed to measure implicit or unconscious biases and attitudes by analyzing response times to various stimuli.

TAT

Thematic Apperception Test, a projective psychological test that involves presenting individuals with ambiguous images and asking them to create stories about them, revealing their underlying motives, concerns, and the way they see the social world.

Rorschach

A psychological test in which subjects' perceptions of inkblots are recorded and then analyzed using psychological interpretation, complex algorithms, or both.