Homer Corporation Has a Standard Cost System in Which Manufacturing

question 78

Multiple Choice

Homer Corporation has a standard cost system in which manufacturing overhead is applied on the basis of standard machine-hours. The company has provided the following data concerning its manufacturing overhead costs for last year:



-The fixed manufacturing overhead budget variance was:

• A)$200 F
• B)$400 U
• C)$300 F
• D)$240 U

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Definitions:

Phlegmatic

A temperament characterized by a calm, reliable, and even-keeled personality, often associated with a high threshold for emotional excitability.

Sanguine

Characterized by optimism or a positive attitude, especially in an apparently bad or difficult situation.

Self-Efficacy

An individual's belief in their capacity to execute behaviors necessary to produce specific performance attainments.

Intrinsic Motives

Internal driving forces that prompt action, based on personal satisfaction, curiosity, challenge, or enjoyment, rather than external rewards.