Puvo, Incorporated, Manufactures a Single Product in Which Variable Manufacturing

question 298

Multiple Choice

Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: During March, the following activity was recorded by the company:The company produced 2,400 units during the month.A total of 19,400 pounds of material were purchased at a cost of $13,580.There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained in the warehouse.During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour.Variable manufacturing overhead costs during March totaled $14,061.The direct materials purchases variance is computed when the materials are purchased.The variable overhead efficiency variance for March is:

• A) $1,060 Favorable
• B) $1,060 Unfavorable
• C) $935 Favorable
• D) $935 Unfavorable

Understand how genetics can inform medicinal approaches to diseases.

Distinguish between different genetic concepts such as genome, proteome, and metabolome.

Learn the applications of genomics in understanding hormone levels and social behaviors in animals.

Recognize the importance of bioinformatics in analyzing genetic sequences.

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Definitions:

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