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The following information is available for Baxter Manufacturing for April: Actual machine hours Standard machine hours allowed Denominator activity (machine hours) Actual fixed overhead costs Budgeted fixed overhead costs Predetermined overhead rate ($1 variable + $4 fixed) 1,020 1,089 1,130 $7,400 $4,520 5 Is the production volume variance for April favorable or unfavorable? Multiple Choice Favorable Unfavorable In general, a balanced Scorecard is used to evaluate an organization's performance using: Multiple Choice the Board of Directors' audit committee. multiple financial and nonfinancial measures. standard costs and variance analysis, financial statements and ratio analysis. Manufacturing Cycle Efficiency is computed as: Multiple Choice O Processing Time + Inspection Time. Processing Time + Manufacturing Cycle Time. Moving Time + Storage Time. Processing Time * Manufacturing Cycle Time