Derf Corporation Uses a Standard Cost System in Which It

question 64

Multiple Choice

Derf Corporation uses a standard cost system in which it applies manufacturing overhead on the basis of standard direct labor-hours. Two direct labor-hours are required for each unit produced. The denominator activity was set at 9,000 units. Manufacturing overhead was budgeted at $135,000 for the period; 20 percent of this cost was fixed. The 17,200 hours worked during the period resulted in production of 8,500 units. Variable manufacturing overhead cost incurred was $108,500 and fixed manufacturing overhead cost was $28,000.
-The variable overhead efficiency variance for the period was:

• A)$5,300 Unfavorable
• B)$1,200 Unfavorable
• C)$1,500 Unfavorable
• D)$6,500 Unfavorable

Understand how age and experience contribute to job performance.

Comprehend the concepts of stereotype threat and its implications in the workplace.

Learn about the inequities in compensation and performance feedback based on gender.

Know the benefits of matching employee diversity to customer diversity in retail settings.

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Definitions:

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