In the context of dollar-value LIFO, what is a LIFO layer?

Select one:

a. The LIFO value of an increase in the inventory for a given year.

b. The inventory in base year dollars.

c. The LIFO value of the inventory for a given year.

d. The difference between the LIFO inventory and the amount used for internal reporting purposes

The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000