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

Understand the basic patterns and stages of sleep, including the distinction between REM and NREM stages.

Recognize common sleep disorders and their characteristic symptoms.

Identify the potential physiological and psychological benefits of meditation on sleep quality.

Understand Freudian concepts of dream analysis, including manifest and latent content.

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Definitions:

Interest Rates

The percentage of a sum of money charged for its use, typically expressed as an annual percentage rate.

Par Value

The face or nominal value of a bond, stock share, or coupon, as specified by the issuer.

Coupon Rate

Annually, the interest earned on a bond represented as a percentage of its face value.

Premium Bond

Bond prices and interest rates are inversely related; that is, they tend to move in the opposite direction from each other. A fixed-rate bond will sell at par when its coupon interest rate is equal to the going rate of interest, rd. When the going rate of interest is above the coupon rate, a fixed rate bond will sell at a “discount” below its par value. If current interest rates are below the coupon rate, a fixed rate bond will sell at a “premium” above its par value.