The vacation pay of factory workers may be charged to

Austin Brands Company uses standard costs for its manufacturing division

Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data: Production volume 6,300 units Budgeted variable overhead costs $15,000 Budgeted direct labor hours 630 hours At the end of the year, actual data were as follows: Production volume 4,200 units Actual variable overhead costs $15,000 Actual direct labor hours 480 hours What is the variable overhead cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) A) $15,000 U B) $15,000 F C) $3,571 U D) $4,687 F

Joe enters into a contract with Martha to set fire to her house so she can collect on her insurance policy. Martha will pay Joe a portion of the insurance proceeds for his trouble. Which of the following parts of a valid contract is missing in this situation?

A. Competent parties B. Consideration C. Legal purpose D. Offer & acceptance