Tharaldson Corporation Makes a Product with the Following Standard Costs

question 129

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 variable overhead efficiency variance for June is:

• A) $372 F
• B) $372 U
• C) $360 F
• D) $360 U

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Definitions:

Normed

Refers to the process of standardizing a test or assessment by administering it to a specific group and using the results as a reference for interpreting individual scores.

Accommodations

Accommodations are adjustments or modifications provided to individuals with disabilities or special needs to enable them to participate fully in an activity or setting, such as in testing or in the workplace.

Modifications

Adjustments or changes made to environments, tasks, or procedures to enable individuals to participate fully.

Standardization

The process of establishing uniform procedures for using an assessment so that the observation, administration, equipment, materials, and scoring rules remain the same for all who are administered the test.