A _____ is a key individual or unit that controls substantial indirect spending and typically has a position of great responsibility within the organization
a. purchasing consortium
b. maverick spender
c. 3PL
d. power spender
e. kanban
d
You might also like to view...
What are active voice and passive voice? Discuss their purposes in detail
A zero value for the derivative of a nonlinear function always indicates the location of a maximum or minimum
Indicate whether the statement is true or false
The rational relationship test is used when fundamental rights are involved in reviewing legislation
Indicate whether the statement is true or false
Pickell Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard machine-hours allowed for the actual output of the period. Data concerning the most recent year appear below:?Budgeted (Planned) Overhead:???Budgeted variable manufacturing overhead$96,720??Budgeted fixed manufacturing overhead231,270??Total budgeted manufacturing overhead$327,990??????Budgeted production (a)30,000units?Standard hours per unit (b)1.30machine-hours?Budgeted hours (a) × (b)39,000machine-hours?????Applying Overhead:???Actual production (a)25,000units?Standard hours per unit (b)1.30machine-hours?Standard hours allowed for the
actual production (a) × (b)32,500machine-hours?????Actual Overhead and Hours:???Actual variable manufacturing overhead$53,600??Actual fixed manufacturing overhead242,270??Total actual manufacturing overhead$295,870??Actual hours33,500machine-hours?Actual variable overhead rate$1.60per machine-hourRequired:a. Determine the variable overhead rate variance for the year.b. Determine the variable overhead efficiency variance for the year.c. Determine the fixed overhead budget variance for the year.d. Determine the fixed overhead volume variance for the year.e. Determine whether overhead was underapplied or overapplied for the year and by how much. What will be an ideal response?