Majer Corporation Makes a Product with the Following Standard Costs

question 56

Multiple Choice

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

• A) $3,277 F
• B) $3,390 U
• C) $3,390 F
• D) $3,277 U

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Definitions:

Bones

The rigid organs that constitute part of the endoskeleton of vertebrates, providing structure, protection, and supporting bodily movements.

Rheumatoid Arthritis

An autoimmune disorder that causes chronic inflammation of the joints.

Gout

A form of inflammatory arthritis characterized by recurrent attacks of a red, tender, hot, and swollen joint, often the base of the big toe.

DMARDs

Disease-Modifying Antirheumatic Drugs; a class of medications used to treat inflammatory autoimmune diseases by slowing their progression.