The Ferris Company Applies Manufacturing Overhead Costs to Products on the Basis

question 23

Multiple Choice

The Ferris Company applies manufacturing overhead costs to products on the basis of standard direct labor-hours. The standard cost card shows that 3 direct labor-hours are required per unit of product. For August, the company budgeted to work 90,000 direct labor-hours and to incur the following total manufacturing overhead costs: During August, the company completed 28,000 units of product, worked 86,000 direct labor-hours, and incurred the following total manufacturing overhead costs: The denominator activity in the predetermined overhead rate is 90,000 direct labor-hours.
-For August, the variable overhead efficiency variance is:

• A) $1,800 F
• B) $0
• C) $2,200 U
• D) $2,200 F

Recognize various observational techniques used in research.

Identify the characteristics and applications of naturalistic observation.

Understand the principles of systematic observation and its applications.

Identify the ethical considerations and challenges associated with participant and naturalistic observation.

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Definitions:

Carbon Minerals

Minerals that contain carbon as a fundamental component, essential for the formation of life and organic compounds.

Cleavage

In geology, the tendency of crystalline materials to split along definite crystalline boundaries, creating smooth surfaces.

Hardness

A measure of a mineral's resistance to scratching, which aids in identifying minerals in field and lab settings.

Ionic

Relating to or involving ions, which are atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.