Pippin Inc

question 82

Multiple Choice

Pippin Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June:
The raw materials quantity variance for the month is closest to:

• A) $77 F
• B) $70 U
• C) $77 U
• D) $70 F

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Definitions:

Treaty of Paris

A significant agreement signed in 1783 that ended the American Revolutionary War, acknowledging American independence from Britain.

Battle of Waterloo

The decisive battle fought on June 18, 1815, near the town of Waterloo in present-day Belgium, where Napoleon Bonaparte was defeated by the British led by the Duke of Wellington and the Prussians under Gebhard Leberecht von Blücher.