The Following Data Have Been Provided by Spraglin Corporation,a Company

question 167

Multiple Choice

The following data have been provided by Spraglin Corporation,a company that produces forklift trucks: Supplies cost is an element of variable manufacturing overhead.The variable overhead efficiency variance for supplies cost is:

• A)$484 U
• B)$2,643 U
• C)$484 F
• D)$2,643 F

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Definitions:

Retained Earnings

The portion of net profits that are kept in the company rather than distributed to shareholders as dividends, often used for reinvestment in the business.

Legal Capital

is the portion of a company's equity that cannot legally be distributed to shareholders and is meant to protect creditors.

Cash Dividends

Cash distributions from a corporation to its shareholders, representing the profit share paid out.

Shares Reacquired

Securities that were previously sold to the public and then bought back by the issuing company.