Ortman Corporation Makes a Product with the Following Standard Costs

question 337

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 labor efficiency variance for May is:

• A)$483 U
• B)$510 U
• C)$483 F
• D)$510 F

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Definitions:

Employers

Organizations or individuals that hire and pay workers to perform jobs or services under agreed-upon terms and conditions.

Spam

Bulk, unsolicited (junk) e-mail.

Federal Law

Legislation enacted by the national government of a country that applies across the entire nation.

States

Distinct territorial and political units that make up a country, each with its own government and regulations.