Majer Corporation Makes a Product with the Following Standard Costs

question 247

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 price variance for February is:

• A) $77,300 Unfavorable
• B) $77,300 Favorable
• C) $4,900 Favorable
• D) $4,900 Unfavorable

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