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Genito Corporation's Static Planning Budget for October Appears Below

question 185

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Genito Corporation's static planning budget for October appears below. The company bases its budgets on machine-hours. Genito Corporation's static planning budget for October appears below. The company bases its budgets on machine-hours.   In October, the actual number of machine-hours was 8,800, the actual supplies cost was $69,450, the actual power cost was $34,190, the actual salaries cost was $86,490, and the actual equipment depreciation was $37,600. -The spending variance for power cost in the flexible budget performance report for the month should be: A)  $1,510 F B)  $2,770 U C)  $1,510 U D)  $2,770 F In October, the actual number of machine-hours was 8,800, the actual supplies cost was $69,450, the actual power cost was $34,190, the actual salaries cost was $86,490, and the actual equipment depreciation was $37,600.
-The spending variance for power cost in the flexible budget performance report for the month should be:

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Definitions:

Office Equipment

The machinery, tools, and furniture used in an office environment to facilitate work, such as computers, printers, and desks.

Total Quality Management (TQM)

A management approach centered on continuous improvement, focusing on quality control across all areas of an organization.

Product Leadership

A strategy that aims to build a company’s reputation for cutting-edge products and innovation, leading the market through quality and new features.

Operational Excellence

Creates a competitive advantage by holding down costs to provide customers with the lowest-priced products.

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