Milar Corporation Makes a Product with the Following Standard Costs

question 94

Multiple Choice

Milar Corporation makes a product with the following standard costs: In January the company produced 2,000 units using 16,060 pounds of the direct material and 210 direct labor-hours. During the month, the company purchased 16,900 pounds of the direct material at a cost of $65,910. The actual direct labor cost was $4,473 and the actual variable overhead cost was $756.
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 materials price variance for January is:

• A) $1,690 U
• B) $1,540 F
• C) $1,540 U
• D) $1,690 F

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Definitions:

Positive Symptom

In the context of psychological disorders, referring to an excess or distortion of normal functions, such as hallucinations or delusions.

Schizophrenia

A psychiatric disorder marked by significant disturbances in thought, perception, emotions, and behavior, often manifesting as hallucinations, delusions, and disorganized speech.

Disorganized Speech

A symptom often associated with schizophrenia, marked by incoherent and nonsensical talk, making it hard for the individual to communicate effectively.

Negative Symptoms

In the context of psychiatric conditions, features such as apathy, lack of emotion, poor or nonexistent social functioning.