Gilder Corporation Makes a Product with the Following Standard Costs

question 349

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 rate variance for June is:

• A)$330 U
• B)$330 F
• C)$306 U
• D)$306 F

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Definitions:

Operant Conditioning

A method of learning that employs rewards and punishments for behavior, emphasizing the role of reinforcement in shaping actions.

Self-Actualized

The state in which an individual achieves their fullest potential, including creative expression, quest for spiritual enlightenment, pursuit of knowledge, and the desire to give to society.

Physiological Needs

Basic, essential life requirements such as food, water, and shelter that must be met for survival.

Affiliation Needs

The human desire to feel a sense of involvement and belonging within a social group or environment.