Bulluck Corporation Makes a Product with the Following Standard Costs

question 25

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 quantity variance for October is:

• A) $52,500 Unfavorable
• B) $52,500 Favorable
• C) $12,500 Unfavorable
• D) $12,500 Favorable

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Definitions:

Cloud Computing

The delivery of computing services—including servers, storage, databases, networking, software, analytics, and intelligence—over the internet ("the cloud") to offer faster innovation, flexible resources, and economies of scale.

Grid Computing

A computing paradigm that involves the integration of disparate resources across multiple administrative domains for a common goal.

Utility Computing

The provision of computing resources, such as computing power and storage, as a metered service similar to a traditional public utility.

Virtual Servers

Servers that are simulated by software and can run multiple operating systems on a single physical hardware.