Ortman Corporation Makes a Product with the Following Standard Costs

question 371

Multiple Choice

Ortman Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. 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 May is:

• A)$1,264 F
• B)$1,400 F
• C)$1,264 U
• D)$1,400 U

---

Definitions:

HDL Cholesterol

High-density lipoprotein cholesterol, often referred to as "good" cholesterol, because it helps remove other forms of cholesterol from your bloodstream.

Good Cholesterol

High-Density Lipoprotein (HDL), a type of cholesterol that helps remove other forms of cholesterol from your bloodstream, protecting against heart disease.

Potassium

A chemical element, symbol K, essential for cell function and key in heart, muscle, and digestive health.