Majer Corporation Makes a Product with the Following Standard Costs

question 406

Multiple Choice

Majer Corporation makes a product with the following standard costs: The company reported the following results concerning this product in February.
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 February is:

• A) $8,100 Favorable
• B) $8,037 Favorable
• C) $8,100 Unfavorable
• D) $8,037 Unfavorable

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Definitions:

Painful Injury

A physical harm or damage to the body that is accompanied by discomfort or distress.

Lost Work

Creative or scholarly work known to have been created but is no longer extant or cannot be found.

Volenti Non Fit Injuria

A legal defense stating that individuals who willingly put themselves in a situation of risk cannot seek compensation for resulting harm.

Icy Sidewalk

A walkway made slippery by a coating of ice, presenting a hazard to pedestrians.