A Manufacturing Company Uses a Standard Costing System in Which

question 70

Multiple Choice

A manufacturing company uses a standard costing system in which standard machine-hours (MHs) is 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:

-The variable overhead rate variance for the period was closest to:

• A)$315 U
• B)$1,465 F
• C)$1,465 U
• D)$315 F

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Definitions:

Information Provided

Data or facts made available by one party to another, typically in the context of a transaction, agreement, or investigation.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, in business transactions.

Obtain Property

The act of gaining possession or control over property through legal means or transactions.

Agency Relationship

A legal arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business dealings or other matters.