Songster Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overhead costs for the most recent month appear below: Original BudgetActual CostsFixed overhead costs: Supervision$14,100 $13,650 Utilities 5,300 5,060 Factory depreciation 7,200 7,470 Total overhead cost$ 26,600 $ 26,180 The company based its original budget on 3,500 machine-hours. The company actually worked 3,700 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 3,820 machine-hours. What was the overall fixed manufacturing overhead budget variance for the month?
A. $2,432 Favorable
B. $420 Favorable
C. $2,432 Unfavorable
D. $420 Unfavorable
Answer: B
You might also like to view...
What does the term "mitigation" refer to in connection with damages?
A) The duty of a nonbreaching party to make reasonable efforts to reduce damages B) The calculation of lost profits in determining damages C) The combination of the different kinds of damages into a single dollar amount D) The duty of the breaching party to make a damages payment as soon as practical E) The requirement of the nonbreaching party to allow the breaching party one final chance to perform the contract before being entitled to collect damages
Brong Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for March. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MarchRevenue $5,900$108,300Employee salaries and wages$49,500 $900$66,000Refurbishing materials $500$9,500Other expenses$40,300 $39,800?When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March.?The spending variance for "Employee salaries and wages" for March would have
been closest to: A. $3,300 F B. $300 U C. $300 F D. $3,300 U
Is a correlation of 0.6 stronger than a correlation of -0.9? Why or why not?
What will be an ideal response?
Neal heads the sales team in his organization. He has observed a decline in the performance ofa few members in the team, and needs to give them critical feedback. Which of the followingshould Neal keep in mind while providing feedback?
A) Make personal comments. B) Give specific details. C) Avoid suggestions. D) Dominate the team.