Gilder Corporation Makes a Product with the Following Standard Costs

question 357

Multiple Choice

Gilder 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 variable overhead efficiency variance for June is:

• A)$240 U
• B)$216 U
• C)$240 F
• D)$216 F

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Definitions:

Format Manipulators

Tools in programming used to modify the format of input/output operations, such as setting precision in floating point numbers.

Iomanip

A header in C++ that provides facilities to manipulate the formatting of input and output operations.

Header File

A file containing C declarations and macro definitions to be shared between several source files.