Geschke Corporation, which produces commercial safes, has provided the following data: Budgeted production 8,500safesStandard machine-hours per safe 9.1machine-hoursStandard supplies cost$1.70per machine-hourActual production 8,700safesActual machine-hours 79,100machine-hoursActual supplies cost$123,642 Supplies cost is an element of variable manufacturing overhead.The variable overhead efficiency variance for supplies is closest to:
A. $119 F
B. $10,947 U
C. $10,947 F
D. $119 U
Answer: A
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Indicate whether the statement is true or false
The recovery and rebuilding efforts on the Texas Gulf Coast due to Hurricane Harvey's devastation will require years. Many volunteers and companies have temporarily moved into the area to provide help. To provide housing for workers for these organizations, entrepreneur Stu Lester developed Temp-Lodging Corporation. Stu's business opportunity was created as a result of
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