Bulluck Corporation Makes a Product with the Following Standard Costs

question 222

Multiple Choice

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

• A) $870 U
• B) $1,044 U
• C) $870 F
• D) $1,044 F

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Definitions:

Hot-Stove Rule

The principle that disciplinary action should be like what happens when you touch a hot stove: It is with warning, immediate, consistent, and impersonal.

Progressive Discipline

A system of dealing with job-related behavior that does not meet expected and communicated performance standards through a graduated range of responses.

Corrective Discipline

A management process that aims to address poor performance or misconduct by an employee through a system of progressive disciplinary actions.

Self-Directed Work Teams

Groups of employees who manage their own tasks and responsibilities without direct supervision, often tasked with achieving specific goals or projects.