Eliezrie Corporation Makes a Product with the Following Standard Costs

question 101

Multiple Choice

Eliezrie Corporation makes a product with the following standard costs:

In January the company's budgeted production was 7,400 units but the actual production was 7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to produce this output. During the month, the company purchased 48,500 kilos of the direct material at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead cost was $7,714.

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

-The variable overhead rate variance for January is:

• A)$406 F
• B)$450 F
• C)$406 U
• D)$450 U

Identify the factors influencing sales forecasts in financial planning.

Understand key dimensions of financial planning: planning horizon and aggregation.

Grasp the concept of working capital decisions in financial planning.

Define and incorporate various finance-specific terms, such as planning horizon, debt capacity, and capital intensity ratio, into financial planning.

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Definitions:

Kazimir Malevich

A Russian avant-garde artist and art theorist, best known for his development of the Suprematist movement, which emphasized basic geometric forms and pure artistic feeling.

Suprematist Theories

Artistic theories associated with the Suprematism movement, emphasizing basic geometric forms and the supremacy of pure artistic feeling over the depiction of objects.

Influenced

To have an effect on the character, development, or behavior of someone or something, or the effect itself.

Rectangular Format

A shape or layout that is longer in length than in height or width, common in paintings, photographs, and screens.