Handerson Corporation Makes a Product with the Following Standard Costs

question 111

Multiple Choice

Handerson Corporation makes a product with the following standard costs: The company reported the following results concerning this product in August.
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 quantity variance for August is:

• A) $10,980 Favorable
• B) $11,346 Unfavorable
• C) $10,980 Unfavorable
• D) $11,346 Favorable

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Definitions:

SQ3R Method

A study technique consisting of five steps: Survey, Question, Read, Recite, and Review to improve comprehension and retention of information.

Retrieve

The action of getting something back or recalling information.

Reconnect

The process of re-establishing a relationship or link between people, devices, or concepts that were previously connected.

Testing Effect

The improvement in memory retention that occurs as a result of taking a test on the material, rather than merely restudying it.