Semaan Corporation Applies Manufacturing Overhead to Products on the Basis

question 89

Multiple Choice

Semaan Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the month appear below: The company based its original budget on 2,700 machine-hours. The company actually worked 2,960 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,030 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?

• A)$3,130 Unfavorable
• B)$340 Unfavorable
• C)$340 Favorable
• D)$3,130 Favorable

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Definitions:

Continuous Random Variables

Variables that can take on numerous values within a defined range.

Examples

Examples are specific instances or items that are representative of a general case or category, often used to illustrate a point or explain a concept.

Normally Distributed

A distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.

Standard Deviation

A measure of the dispersion or spread of a set of numbers, indicating how much the individual numbers differ from the mean of the set.