Beakins Corporation Produces a Single Product

question 92

Multiple Choice

Beakins Corporation produces a single product. The standard cost card for the product follows: During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below: The company records all variances at the earliest possible point in time. Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials quantity variance for the period is:

• A)$950 U
• B)$5,000 F
• C)$1,000 U
• D)$6,000 F

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Definitions:

Erikson

Refers to Erik Erikson, a developmental psychologist and psychoanalyst known for his theory on the psychological development of human beings, especially his eight stages of human development.

Integrity

The characteristic of being truthful and possessing firm ethical standards; integrity.

Plasticity

The brain's ability to change and adapt as a result of experience or injury.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, morals, beliefs, and habits through various methods.