Use the Following to Answer Questions

question 61

Multiple Choice

Use the following to answer questions
Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows:

-The differences between standard and actual financial amounts of inputs are referred to as:

• A)standard deviations
• B)variances
• C)appraisals
• D)exceptions