A Manufacturing Company That Has Only One Product Has Established

question 1

Multiple Choice

A manufacturing company that has only one product has established the following standards for its variable overhead. The company uses direct labor-hours (DLHs) as its measure of activity. The following data pertain to operations for the last month:
-What is the variable overhead efficiency variance for the month?

• A) $504 U
• B) $1,120 U
• C) $1,120 F
• D) $1,144 F

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Definitions:

Financial Status

Describes the current state of an individual's or organization's finances, encompassing aspects such as income, debts, assets, and liabilities.

Potential Suppliers

Companies or individuals who might be able to provide goods or services that an organization needs.

Buying Center

A group of people within an organization who are involved in the decision-making process for a purchase.

Deciders

Individuals or groups within an organization who have the authority to make final purchasing decisions.