Tharaldson Corporation Makes a Product with the Following Standard Costs

question 291

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 rate variance for June is:

• A) $162 Unfavorable
• B) $162 Favorable
• C) $150 Favorable
• D) $150 Unfavorable

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Definitions:

Other-Race Effect

The cognitive bias to more easily recognize faces of the race that one is most familiar with, which can contribute to difficulties in cross-racial identification.

Scapegoat Theory

A psychological concept where individuals or groups are unfairly blamed for problems or wrongdoings not of their making.

Government Bureaucrats

Individuals employed within government agencies or departments, responsible for the implementation and management of policy and regulations.

Just-World Phenomenon

The cognitive bias to believe that the world is fundamentally fair, leading individuals to rationalize an otherwise inexplicable injustice as deserved by the victim.