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Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed: During March, the laboratory performed 2,000 core tests. On March 1 no direct materials (sand) were on hand. Variable manufacturing overhead is assigned to core tests on the basis of standard direct labor-hours. The following events occurred during March:
• 8,600 pounds of sand were purchased at a cost of $7,310.
• 7,200 pounds of sand were used for core tests.
• 840 actual direct labor-hours were worked at a cost of $8,610.
• Actual variable manufacturing overhead incurred was $3,200.
-The variable overhead efficiency variance for March is:
Power Resource
An asset or capability that provides an individual or group with the means to influence or control outcomes in social, political, or economic spheres.
Elite Theories
Theories suggesting that society is divided into a small ruling elite and a larger group of the ruled, with power concentrated among the elite.
Canadian Political System
A parliamentary democracy and a constitutional monarchy, characterized by a federal structure where power is divided between the federal government and the provinces.
Postmaterialism
An orientation that emphasizes self-expression and quality of life over economic and physical security.
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