The Hawkins Company Uses a Standard Costing System in Which

question 61

Multiple Choice

The Hawkins Company uses a standard costing system in which manufacturing overhead is applied on the basis of standard direct labor-hours (DLHs) . During February, the company actually used 9,200 direct labor-hours and made 2,900 units of finished product. The standard cost card for one unit of product includes the following:

Variable factory overhead: 3 DLHs $4.75 per DLH
Fixed factory overhead: 3 DLHs $3.00 per DLH

For February, the company incurred $28,450 in fixed manufacturing overhead costs and recorded a $900 favorable volume variance.

-The amount of fixed manufacturing overhead cost contained in the company's budget for February is:

• A)$27,000
• B)$27,550
• C)$25,200
• D)$29,350

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Definitions:

Object Relations Theory

Object Relations Theory is a psychoanalytic theory that emphasizes relationships and the impact of the internalized images of these relationships on psychological processes.

Split-object Image

A term from psychology, particularly object relations theory, indicating how an individual perceives others as either entirely good or entirely bad, without an integrated view.

Object Integration

The process of combining different elements or pieces of information into a cohesive whole.

Conscious Mind

The aspect of the mind that involves awareness of thoughts, feelings, and surroundings in the present moment.