Bulluck Corporation Makes a Product with the Following Standard Costs

question 366

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 Favorable
• B) $2,166 Unfavorable
• C) $2,090 Unfavorable
• D) $2,166 Favorable

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Definitions:

Negatively Skewed

Refers to a distribution or data set where the tail is longer on the left side of the distribution's peak, indicating that the mass of the distribution is concentrated on the right.

Histogram

A graphical representation of the distribution of numerical data, using bars of different heights.

Representative

Term used to describe a subset or a sample that accurately reflects the larger population or dataset from which it is drawn.

Mean

The mean is the average of a set of numbers, calculated by dividing the sum of these numbers by the count of the numbers.