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:

Domesticate Grain

The process of adapting wild grains for human consumption through selective breeding, leading to the cultivation of crops.

Computer Ownership

Indicates the possession or acquisition of computers by individuals or organizations, reflecting aspects of accessibility, literacy, and technological advancement.

Health-Care System

An organized plan of health services to meet the health needs of individuals or populations through various health professionals and resources.

Legislation Proposed

Refers to bills or laws that have been introduced to a legislative body for consideration and potential passing into law.