Descamps Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateVariable manufacturing overhead0.20 hours$6.10 per hour?The company has reported the following actual results for the product for July: Actual output 4,200unitsActual direct labor-hours 780hoursActual variable overhead rate$6.20per hour?The variable overhead efficiency variance for the month is closest to:
A. $372 U
B. $366 F
C. $366 U
D. $372 F
Answer: B
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a. True b. False Indicate whether the statement is true or false
________ and ________ do not take title to goods
A) Full-service wholesalers; limited-service wholesalers B) Brokers; agents C) Rack jobbers; truck jobbers D) General merchandise wholesalers; specialty line wholesalers E) Drop shippers; cash-and-carry wholesalers
Which of the following organizations issues bank notes and coins and regulates the quantity of money in circulation?
A. the World Bank B. the International Monetary Fund C. A commercial bank D. A central bank
The personal force causing someone to behave in a particular way is called morale.
Answer the following statement true (T) or false (F)