A Manufacturer of Playground Equipment Uses a Standard Costing System

question 101

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 volume variance for the period to the nearest dollar?

• A)$486 F
• B)$1,105 U
• C)$619 U
• D)$612 U

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Definitions:

Alien Registration Act

Also known as the Smith Act of 1940, a United States federal statute that required the registration of all aliens residing in the country and made it a crime to advocate the violent overthrow of the government.

U.S. Government

The federal government of the United States, composed of three branches: legislative, executive, and judicial, established to govern the country as outlined in the U.S. Constitution.

Grand Alliance

The coalition of nations, including the United Kingdom, Soviet Union, and United States, that allied to oppose the Axis powers during World War II.

Germany

A country in Central Europe known for its rich history, contributions to art, science, and philosophy, and its pivotal roles in both World War I and World War II.