Carvelle Cabinets Set the Following Standard Cost Per Unit for 2008

question 58

Multiple Choice

Carvelle Cabinets set the following standard cost per unit for 2008.
The standards were set based on a capacity of 20 000 machine hours.
During the year, 5100 units were produced.
What was Carvelle's fixed overhead budget variance?

• A) $2000 unfavourable
• B) $7000 unfavourable
• C) $5000 unfavourable
• D) $4000 favourable

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Definitions:

Voluntary Manumission

The act of a slave owner freeing their slaves of their own volition, without external compulsion, a practice that varied in its frequency and conditions throughout history.

Plantation Crop

A type of crop specifically grown on a large estate or plantation, primarily for sale and not for local consumption, typically including commodities like tobacco, cotton, sugar, and tea.

Slave Rebellions

Acts of violent resistance by enslaved people against their enslavers, often aimed at securing freedom or protesting inhumane conditions.

Cotton Gin

An invention by Eli Whitney in 1793 that revolutionized the cotton industry by efficiently separating cotton fibers from their seeds.