Bulluck Corporation Makes a Product with the Following Standard Costs

question 196

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 price variance for July is:

• A) $2,100 U
• B) $2,420 F
• C) $2,100 F
• D) $2,420 U

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Definitions:

Self-Regulation

The ability to monitor and control one's own behavior, emotions, or thoughts, adjusting them according to the demands of the situation.

Morality Of Constraint

A concept in moral development theory referring to younger children's understanding of morality as a set of unchangeable rules imposed by authority.

Inductive Reasoning

A method of reasoning in which general conclusions are drawn from specific observations.

Concrete Operations

A stage of cognitive development identified by Piaget, where children can think logically about concrete objects and events.