Ortman Corporation Makes a Product with the Following Standard Costs

question 91

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 variable overhead efficiency variance for May is:

• A)$27 F
• B)$27 U
• C)$30 U
• D)$30 F

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Definitions:

Intrinsic Motivation

A drive or reason to pursue a goal, which comes from inside a person, such as the joy of reading a good book.

Secondary Education

The stage of education following primary education, typically including high school and preparatory schooling.

High School Graduates

Individuals who have completed the necessary coursework and requirements to graduate from a secondary education institution.

Abstractly

Refers to thinking or understanding a concept in a way that is not concrete or specific, focusing on ideas rather than physical examples.