Examlex

Solved

Kartman Corporation Makes a Product with the Following Standard Costs

question 202

Multiple Choice

Kartman Corporation makes a product with the following standard costs: Kartman Corporation makes a product with the following standard costs:   In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931.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 quantity variance for June is: A)  $4,200 Favorable B)  $4,200 Unfavorable C)  $4,020 Unfavorable D)  $4,020 Favorable In June the company's budgeted production was 3,400 units but the actual production was 3,500 units. The company used 22,150 pounds of the direct material and 2,290 direct labor-hours to produce this output. During the month, the company purchased 25,400 pounds of the direct material at a cost of $170,180. The actual direct labor cost was $57,021 and the actual variable overhead cost was $8,931.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 quantity variance for June is:


Definitions:

Flow Of The Program

A term denoting the sequence in which a program's instructions are executed or the logical progression of tasks performed.

Prolog

A high-level programming language associated with artificial intelligence and computational linguistics, focused on logic programming.

Fourth-Generation

Often refers to the fourth generation of computing or telecommunication technology, characterized by advancements over previous generations.

Data-Flow Diagram

Diagrams that trace all data in an information system from the point at which data enters the system to its final resting place (storage or output).

Related Questions