Dirickson Incorporated Has Provided the Following Data Concerning One of the Products

question 444

Multiple Choice

Dirickson Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for July:
The raw materials price variance for the month is closest to:

• A) $46,200 Unfavorable
• B) $50,400 Favorable
• C) $46,200 Favorable
• D) $50,400 Unfavorable

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Definitions:

Accommodation

The process by which the eye's lens changes shape to focus near or far objects on the retina or can also refer to adjustments made in beliefs or behavior in response to new information or experiences.

Schematic Restructuring

A cognitive process involving the reorganization or modification of mental structures to incorporate new information or experiences.

Secondary Circular Reactions

The repetition of actions that produce an interesting effect, part of Piaget's theory of cognitive development in infants, occurring roughly between 4 to 8 months of age.

Simple Reflexes

Inborn automatic responses to certain stimuli that are present from birth, such as the sucking reflex in infants.