Bulluck Corporation Makes a Product with the Following Standard Costs

question 74

Multiple Choice

Bulluck Corporation makes a product with the following standard costs: The company reported the following results concerning this product in July.
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
The labor efficiency variance for July is:

• A) $2,090 F
• B) $2,166 U
• C) $2,090 U
• D) $2,166 F

---

Definitions:

Numerical Value

A quantitative measurement or amount usually expressed as a number or a set of numbers.

Population Size

The total number of members in a defined population.

Symbols

Characters or glyphs that are used to represent objects, functions, or processes.

Population

The entire group of individuals or instances about whom the study is focused.