Examlex

Solved

A Manufacturer of Playground Equipment Has a Standard Costing System

question 7

Multiple Choice

A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs) as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below: A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs)  as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:   The following data pertain to operations for the most recent period:   -What was the fixed manufacturing overhead budget variance for the period to the nearest dollar? A)  $1,100 F B)  $1,153 F C)  $1,797 U D)  $3,010 U The following data pertain to operations for the most recent period: A manufacturer of playground equipment has a standard costing system based on standard direct labor-hours (DLHs)  as the measure of activity. Data from the company's flexible budget for manufacturing overhead are given below:   The following data pertain to operations for the most recent period:   -What was the fixed manufacturing overhead budget variance for the period to the nearest dollar? A)  $1,100 F B)  $1,153 F C)  $1,797 U D)  $3,010 U
-What was the fixed manufacturing overhead budget variance for the period to the nearest dollar?


Definitions:

Machine-Hours

A measure of production time, referring to the total hours that machinery is operated in the manufacturing process.

Predetermined Overhead Rate

A rate calculated before a period begins, used to allocate manufacturing overhead to products based on a certain activity base.

Customizing Department

A specialized department in a company that modifies products to meet specific customer requirements or preferences.

Direct Labor-Hour

A direct labor-hour is a unit of measure representing the labor time directly involved in the production of goods.

Related Questions