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:

Eighteenth Amendment

A U.S. Constitutional amendment enacted in 1919 that prohibited the manufacture, sale, and transportation of alcoholic beverages, later repealed by the Twenty-first Amendment.

Temperance Movement

A social and political movement advocating for the moderation or complete abstinence from alcoholic beverages, often tied to moral, religious, or health concerns.

Alcohol Abuse

The excessive and harmful consumption of alcohol leading to negative health, social, and legal consequences.

Mentally

Pertaining to the mind or psychological processes of an individual.