Dirickson Inc

question 162

Multiple Choice

Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
The company has reported the following actual results for the product for July:

-The raw materials price variance for the month is closest to:

• A) $46,200 U
• B) $50,400 F
• C) $46,200 F
• D) $50,400 U

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Definitions:

Statute Of Frauds

A legal concept requiring certain types of contracts to be written and signed to be legally enforceable.

Contract Law

Contract law is the body of law that governs the creation, enforcement, and interpretation of agreements between parties, defining obligations mutually agreed upon.

Repealed

Describes a law or regulation that has been officially revoked, cancelled, or annulled by legislative action.

Restraint Of Trade

Legal term referring to contractual obligations that limit a person’s freedom to engage in business activities with others, often scrutinized for its impact on free trade.