Ortman Corporation Makes a Product with the Following Standard Costs

question 91

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 variable overhead efficiency variance for May is:

• A)$27 F
• B)$27 U
• C)$30 U
• D)$30 F

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Definitions:

Commitment

An individual's psychological attachment or sense of dedication towards a cause, activity, or relationship.

ACT

Acceptance and Commitment Therapy; a form of psychotherapy that encourages individuals to embrace their thoughts and feelings rather than fighting or feeling guilty for them.

Private Events

In psychology, this refers to internal experiences such as thoughts, feelings, and sensations that are not observable by others.

Third-Wave

Refers to the third-generation therapies that combine traditional behavior therapy with mindfulness and acceptance strategies, such as Dialectical Behavior Therapy.