Beakins Corporation Produces a Single Product

question 336

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 labor rate variance for the period is:

• A)$3,150 U
• B)$2,700 F
• C)$2,700 U
• D)$3,150 F

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Definitions:

Mitosis

A cellular division process whereby two progeny cells are formed, each carrying the same amount and variety of chromosomes as the parental nucleus, commonly seen in regular tissue growth.

Spindle Poles

The ends of a spindle apparatus, which play a critical role in pulling apart chromosomes during cell division.

Midway

A term typically referring to a central or halfway point in distance or time.

Homologous Chromosomes

Paired chromosomes in a diploid organism, one from each parent, that are similar in length, gene position, and centromere location, and pair up during meiosis.