Millonzi Corporation Has a Standard Cost System in Which It

question 39

Multiple Choice

Millonzi Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs) .The company has provided the following data for the most recent month: What was the variable overhead rate variance for the month?

• A)$4,350 favorable
• B)$2,000 unfavorable
• C)$2,650 favorable
• D)$1,700 favorable

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Definitions:

Frankfurt Parliament

The Frankfurt Parliament was an assembly convened in 1848 in Frankfurt, aiming to unify the German states and create a constitution for a unified Germany.

Upper-middle-class

A social class in society that is above the middle class, often including professionals, managers, and business owners who enjoy high economic status and cultural influence.

Third Estate

The common people of France under the ancien régime, distinct from the clergy (First Estate) and the nobility (Second Estate), who played a key role in the French Revolution.

Frankfurt Parliament

An assembly of German delegates from various states in 1848-1849, aiming to unify the German states and create a national constitution.