Bulluck Corporation Makes a Product with the Following Standard Costs

question 228

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 variable overhead efficiency variance for October is:

• A) $1,400 Favorable
• B) $1,225 Unfavorable
• C) $1,900 Unfavorable
• D) $2,700 Favorable

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Definitions:

Achieving Stage

The point reached by young adults in which intelligence is applied to specific situations involving the attainment of long-term goals regarding careers, family, and societal contributions.

Long-Term Goals

Objectives or plans that an individual aims to achieve over an extended period, which require time, planning, and effort to accomplish.

Societal Contributions

The various ways individuals or groups can positively impact society through actions, innovations, or philanthropy.

Postformal Thought

A stage of cognitive development proposed to follow Piaget's formal operational stage, characterized by the understanding that knowledge is relative and the ability to synthesize contradictions.