Tharaldson Corporation Makes a Product with the Following Standard Costs

question 56

Multiple Choice

Tharaldson Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June.
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 variable overhead efficiency variance for June is:

• A) $372 Favorable
• B) $372 Unfavorable
• C) $360 Favorable
• D) $360 Unfavorable

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Definitions:

Calculate Statistics

A mathematical process of gathering, summarizing, and analyzing data to infer patterns or trends.

Total Row

A row in a table or spreadsheet that calculates and displays the sum or other aggregate function of data in a column or columns.

Criterion

A principle or standard by which something may be judged or evaluated.

Criteria Row

In databases and spreadsheets, a designated row used to enter conditions or criteria for filtering or querying data.