Colina Production Company Uses a Standard Costing System

question 73

Multiple Choice

Colina Production Company uses a standard costing system. The following information pertains to 2016. Direct labor hours is the driver used to assign overhead costs to products. Actual production 5,500 units
Actual factory overhead costs ($16,500 is fixed) $40,125
Actual direct labor costs (11,250 hours) $131,625 Standard direct labor for 5,500 units:
Standard hours allowed 11,000 hours
Labor rate $12.00
The factory overhead rate is based on an activity level of 10,000 direct labor hours. Standard cost data for 5,000 units is as follows:
Variable factory overhead $22,500
Fixed factory overhead 13,500
Total factory overhead $36,000
What is the fixed overhead volume variance for Colina Production Company?

• A) $3,600 (F)
• B) $1,350 (F)
• C) $4,125 (U)
• D) $1,350 (U)

Comprehend the significance of the chorionic villi and their role in the formation of the placenta.

Understand the formation and function of the syncytiotrophoblast in embryonic development.

Describe the process and significance of limb bud formation in embryonic development.

Conceptualize the development and importance of the neural tube and notochord in central nervous system formation.

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Definitions:

Multiculturalism

A societal approach that recognizes, values, and promotes cultural diversity, advocating for the coexistence of different cultural identities.

Ethnicity

Refers to the shared cultural practices, perspectives, and distinctions that set apart one group of people from another, often based on heritage, language, or ancestry.

Recent Immigrant

An individual who has moved into a new country from another one relatively shortly before the current time, typically for reasons like work, study, or to join family.

Associate Degree Nurse

A nurse who has obtained an associate degree in nursing, typically after two years of post-secondary education, and is qualified to provide patient care.