Majer Corporation Makes a Product with the Following Standard Costs

question 37

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 labor efficiency variance for February is:

• A) $650 U
• B) $650 F
• C) $620 F
• D) $620 U

---

Definitions:

Semiotics of Materiality

The study of how material objects and their use communicate meanings and participate in symbolic systems within a culture.

Essentialist Sense

The belief that categories, especially concerning identity, have an intrinsic essence or set of characteristics inherent to them.

Actor-Network Theory

A theoretical and methodological approach in social science that views all entities in a network, whether human or nonhuman, as equally important in shaping social outcomes.

Networks

Networks refer to interconnected systems or groups of individuals or entities that share information, resources, or support, facilitating communication and interaction.