Chapter 23 quiz

Chapter 23 quiz - Review Assessment: Quiz # 8 Chap 23...

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Review Assessment: Quiz # 8 Chap 23 Questio n 1 2 out of 2 points Selected Answer: Questio n 2 2 out of 2 points Woodson Inc. produced 6,000 light fixtures in May of the current year. Each unit requires 0.75 standard hours. The standard labor rate is $10 per hour. Actual direct labor for May was 4,800 hours. What is the direct labor time variance? Selected Answer: Questio n 3 2 out of 2 points An unfavorable volume variance might be caused by which of the following factors? Selected Answer: Questio n 4 2 out of 2 points The difference between the budgeted fixed overhead at 100% of normal capacity and the standard fixed overhead for the actual production achieved during the period is called the: Selected Answer:
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Questio n 5 0 out of 2 points Factory overhead is applied at a rate of $9 per labor hour, of which $6 is variable. The actual variable factory overhead is $32,000. In the current period, 2,500 units are produced at a standard time of 2 labor hours per unit.
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Chapter 23 quiz - Review Assessment: Quiz # 8 Chap 23...

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