Potestio Incorporated makes a single product-a critical part used in commercial airline seats. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted (Planned) Overhead: Budgeted variable manufacturing overhead$49,530 Budgeted fixed manufacturing overhead 252,720 Total budgeted manufacturing overhead$ 302,250 Budgeted production (a) 30,000unitsStandard hours per unit (b) 1.30machine-hoursBudgeted hours (a) × (b) 39,000machine-hours Applying Overhead: Actual production (a) 31,000unitsStandard hours per unit (b) 1.30machine-hoursStandard hours allowed for the actual production
(a) × (b) 40,300machine-hours Actual Overhead and Hours: Actual variable manufacturing overhead$80,560 Actual fixed manufacturing overhead 266,720 Total actual manufacturing overhead$ 347,280 Actual hours 42,400machine-hoursThe total of the overhead variances is: (Round your intermediate calculations to 2 decimal places.)
A. $34,955 U
B. $45,030 F
C. $45,030 U
D. $34,955 F
Answer: A
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A) observational research B) focus groups C) personal interviews D) Internet-based surveys E) experimental research
Which of the following is a phase in the rational model of decision making?
A) Data collection phase B) Data analysis phase C) Design phase D Pre-implementation phase
Union contracts tend to clearly assign job responsibilities to various jobs so as to prevent all of the following except:
A. Expansion of job duties without a commensurate increase in pay B. Union workers from shirking their responsibilities C. Supervisors from doing union workers' job D. Subcontracting and outsourcing of union jobs
On August 1, Year 1, Bellisa Company issued a $12,000 7%, 1-year note to Citizens Bank. Which of the following entries reflects the adjustment required as of December 31, Year 1?
A.
| Interest payable | 840? | |
| Interest expense | 840? |
B.
| Interest expense | 350? | |
| Interest payable | 350? |
C.
| Interest expense | 350? | |
| Notes payable | 350? |
D.
| Interest expense | 840? | |
| Interest payable | 840? |