Bressman 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$6.70 per hourThe company has reported the following actual results for the product for May: Actual output 9,300unitsActual direct labor-hours 1,820hoursActual variable overhead cost$12,558 The variable overhead rate variance for the month is closest to:
A. $372 F
B. $372 U
C. $364 F
D. $364 U
Answer: D
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Your firm has $4,000,000 available for investment in capital projects. Which combination of projects is the best, given this budget constraint?
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Answer the following statement(s) true (T) or false (F)
Timing has little to do with a new venture's success or failure.
Job-order costing would be more likely to be used than process costing in situations where many different products or services are produced each period to customer specifications.
Answer the following statement true (T) or false (F)