Tharaldson Corporation Makes a Product with the Following Standard Costs

question 188

Multiple Choice

Tharaldson Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June.
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 rate variance for June is:

• A) $616 F
• B) $616 U
• C) $550 F
• D) $550 U

---

Definitions:

Small Claims Court

A court that handles disputes involving a small amount of money, offering a quick and simple resolution process without the need for a lawyer.

Domestic Relations Court

A court specializing in cases related to family matters such as divorce, child custody, and adoption.

Limited Jurisdiction

A legal term referring to courts that can hear only specific types of cases, often restricted by the amount in controversy, the type of case, or geographical area.

Small Claims Court

A specialized court that handles minor legal disputes and civil cases involving limited monetary amounts.