Tharaldson Corporation Makes a Product with the Following Standard Costs

question 291

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 rate variance for June is:

• A) $162 Unfavorable
• B) $162 Favorable
• C) $150 Favorable
• D) $150 Unfavorable

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Definitions:

Physical Objects

Tangible items that can be seen, touched, and usually occupy space, in contrast to intangible concepts or services.

Societal Marketing Concept

A marketing approach that considers not only the demands of consumers but also the long-term welfare of society.

Consumerism

A social movement that advocates for the rights and powers of consumers in relation to sellers and marketers.