A Manufacturing Company Uses a Standard Costing System in Which

question 77

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:
-What was the fixed manufacturing overhead budget variance for the period to the nearest dollar?

• A) $1,100 F
• B) $350 F
• C) $2,294 U
• D) $2,650 U

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Definitions:

Attitude

An attitude is a psychological tendency expressed by evaluating a particular entity with some degree of favor or disfavor.

Balance Theory

A psychological theory proposing that individuals strive for consistency among their beliefs, attitudes, and sentiments.

Balance Theory

A psychological theory suggesting that people strive for harmony and consistency in their relationships, attitudes, and beliefs, avoiding imbalance or discord.

Cognitive Consistency

A model of social cognition in which people try to reduce inconsistency among their cognitions, because they find inconsistency unpleasant.