Majer Corporation Makes a Product with the Following Standard Costs

question 211

Multiple Choice

Majer Corporation makes a product with the following standard costs: The company reported the following results concerning this product in February.
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 price variance for February is:

• A) $3,136 Favorable
• B) $3,260 Favorable
• C) $3,136 Unfavorable
• D) $3,260 Unfavorable

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Definitions:

Direct Foreign Investment

A financial commitment made by a company or individual in one country to business interests in another country, typically via acquiring business assets or establishing business operations.

Differing Languages

The existence or use of distinct linguistic systems or dialects within communication that can lead to diversity in expression and misunderstanding.

Transnational Organizations

Entities that operate across national borders, managing operations in several countries while not identifying with a single national identity.

Think Locally

The practice of considering the immediate, local environment or community impact of one's actions and decisions.