Puvo, Inc, Manufactures a Single Product in Which Variable Manufacturing Overhead

question 191

Multiple Choice

Puvo, Inc., manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product:
During March, the following activity was recorded by the company:
• The company produced 2,400 units during the month.
• A total of 19,400 pounds of material were purchased at a cost of $13,580.
• There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained in the warehouse.
• During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour.
• Variable manufacturing overhead costs during March totaled $14,061.
The direct materials purchases variance is computed when the materials are purchased.
-The labor efficiency variance for March is:

• A) $3,040 U
• B) $3,685 U
• C) $3,685 F
• D) $3,040 F

Distinguish between ostensive and logical definitions.

Comprehend the variability and borders of concepts.

Grasp the concept of having multiple differentiae in a definition.

Appreciate the limitations and applications of different types of definitions.

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Definitions:

Rheumatic Fever

An inflammatory disease that can develop as a complication of untreated or poorly treated strep throat or scarlet fever.

Nephritis

Inflammation of the kidneys, which can alter their function and cause varying degrees of illness.

Endocardium

The innermost layer of the heart.

Arthritis

A general term meaning joint inflammation.