Descamps 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$6.10 per hourThe company has reported the following actual results for the product for July: Actual output 4,200unitsActual direct labor-hours 780hoursActual variable overhead rate$6.20per hourThe variable overhead efficiency variance for the month is closest to:
A. $372 U
B. $366 U
C. $372 F
D. $366 F
Answer: D
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a. $ 800 b. $ 600 c. $ 200 d. $ -0-
Identify a true statement about social loafing.
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Which of the following is true about the market entry strategy of direct investment?
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The probability that Pete will catch fish when he goes fishing is .88. Pete is going to fish 3 days next week. Define the random variable x to be the number of days Pete catches fish. The probability that Pete will catch fish on exactly one day is
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