Adams, Inc

question 148

Multiple Choice

Adams, Inc. uses the following standard to produce a single unit of its product: overhead (2 hrs. @ $3/hr.) $6. The flexible budget for overhead is $100,000 plus $1 per direct labor hour. Actual data for the month show overhead costs of $150,000, and 24,000 units produced. The overhead volume variance is:

• A) $10,000 favorable.
• B) $12,000 favorable.
• C) $4,000 unfavorable.
• D) $16,000 unfavorable.
• E) $36,000 unfavorablE.

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Definitions:

Erikson's Concept

Erikson's Concept refers to the psychosocial theory developed by Erik Erikson, which posits that individuals pass through eight developmental stages, each characterized by a specific crisis that contributes to their social and personality development.

Marcia's Concept

Refers to James Marcia's theory of identity status, which classifies individuals' identity development into four statuses: identity diffusion, foreclosure, moratorium, and identity achievement.

Mean Age

The average age of the individuals in a given population or group, calculated by adding all ages together and dividing by the number of individuals.

First Marriage

The initial legally recognized union between two individuals as partners in a personal relationship.