Discount Sales Company uses a standard cost system
Variable overhead costs are allocated based on direct labor hours. In the first quarter, Discount Sales had a favorable cost variance for variable overhead costs. Which of the following scenarios is a reasonable explanation for this variance?
A) The actual number of direct labor hours was lower than the budgeted hours.
B) The actual variable overhead costs were higher than the budgeted costs.
C) The actual variable overhead costs were lower than the budgeted costs.
D) The actual number of direct labor hours was higher than the budgeted hours.
C
You might also like to view...
Many firms today use RFID technology to ________
A) identify new target markets B) analyze threats and opportunities in the macroenvironment C) move toward environmental sustainability D) track products through various points in the distribution channel E) track patterns of online consumer behavior
Compute the current liabilities for the Atlas Technologies using the information given below: Atlas Technologies Total sales $150,000 After-tax operating income $28,000 Total assets $125,000 Current liabilities $? Total assets - current liabilities $25,000 Cost of capital 15% Economic value added $?
A) $53,000 B) $166,667 C) $125,000 D) $100,000
The category of fuels whose energy source is photosynthesis is known as ___________.
Fill in the blank(s) with the appropriate word(s).
Which of the subcultures represent the group that focuses on designing systems to support the work of operations such as employees who design a manufacturing facility?
A. thinkers B. operators C. engineers D. executives