The Chuba Corporation uses a standard cost system in which manufacturing overhead is applied on the basis of standard direct labor-hours (DLHs). During December, the company actually used 7,200 direct labor-hours and made 1,900 units of finished product. The standard cost card for one unit of product includes the following data concerning manufacturing overhead:Variable overhead: 4 DLHs @ $5.25 per DLHFixed overhead: 4 DLHs @ $2.00 per DLHFor December, the company incurred $16,550 in fixed manufacturing overhead costs and recorded an $800 unfavorable volume variance.The budgeted fixed manufacturing overhead cost was:
A. $16,550
B. $16,000
C. $13,700
D. $15,200
E. $14,400
Answer: B
Business
You might also like to view...
Legal capital is a descriptive phrase for
a. stockholders' equity. b. residual equity. c. market value. d. par value.
Business
Friendship in the Maslow hierarchy of needs is an example of a ________ need.
A. self-actualization B. social C. personal D. physiological E. safety
Business
Which of the following is the appropriate general journal entry to record the declaration of a cash dividends?
A) Retained earningsCash B) Cash Dividends payableCash C) Paid-in capitalCash Dividends payable D) Cash DividendsCash Dividends Payable
Business
Total variable costs = Variable rate x amount of output
Indicate whether the statement is true or false
Business