Tharaldson Corporation Makes a Product with the Following Standard Costs

question 49

Multiple Choice

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

• A) $2,140 U
• B) $2,140 F
• C) $1,820 U
• D) $1,820 F

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Definitions:

Theoretical Positions

Philosophical stances or frameworks that underpin a researcher's or practitioner's understanding and analysis of phenomena in their field of study.

Sensation Thinkers

Individuals who prefer using their senses to process information and focus on details and facts in decision-making, often practical and straightforward.

Intuitive Thinkers

Individuals who rely on intuition and gut feelings to make decisions and solve problems, often without explicit reasoning.

Hard Facts

Concrete, objective data or evidence that is indisputable and can be verified.