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:

Tidal Volume

The amount of air that is inhaled or exhaled during normal breathing.

Residual Volume

The volume of air left in the lungs following a powerful breath out, guaranteeing that the exchange of gases persists even when not inhaling or exhaling.

Vital Capacity

The maximum amount of air a person can expel from the lungs after a maximum inhalation, a key measure of pulmonary health.

Tidal Volume

The amount of air moved into or out of the lungs during normal breathing.