Bulluck Corporation Makes a Product with the Following Standard Costs

question 208

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 labor efficiency variance for July is:

• A) $2,090 F
• B) $2,166 U
• C) $2,090 U
• D) $2,166 F

---

Definitions:

Chesapeake Region

An area in the United States surrounding the Chesapeake Bay, known for its unique cultural heritage, history, and environmental significance.

Mercantilism

An economic theory and practice prevailing in Europe from the 16th to the 18th century, promoting governmental regulation of a nation's economy for the purpose of augmenting state power at the expense of rival national powers.

Olaudah Equiano

An African writer and abolitionist who was enslaved as a child, bought his freedom, and wrote an autobiography detailing his experiences.