The Apoundright Company Uses Standard Costing and Has Established the Following

question 91

Multiple Choice

The Apoundright Company uses standard costing and has established the following standards for its single product:
Direct materials: 2 gallons at $3 per gallon
Direct labor: 0.5 hours at $8 per hour
Variable overhead: 0.5 hours at $2 per hour
During November, the company made 4,000 units and incurred the following costs:
Direct materials purchased: 8,100 gallons at $3.10 per gallon
Direct materials used: 7,600 gallons
Direct labor used: 2,200 hours at $8.25 per hour
Actual variable overhead: $4,175
The company applies variable overhead to products on the basis of standard direct labor-hours.
-The total variable overhead variance (including both the rate and efficiency variances) for November was:

• A) $175 U
• B) $225 F
• C) $225 U
• D) $400 U

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Definitions:

Infant Brain

The developing brain of a child from birth to around the age of three years, which undergoes rapid growth and development.

Adult Weight

The weight or body mass of an individual after reaching full physical maturation, often used in health and medical assessments to evaluate well-being and lifestyle risks.

Myelination

The process of forming a myelin sheath around the axons of neurons, which speeds up the transmission of electrical signals in the nervous system.

Second Decade

Refers to the period of time spanning from year 11 to year 20 in a century, a person's life, or any given time frame.