Epley Corporation Makes a Product with the Following Standard Costs

question 367

Multiple Choice

Epley Corporation makes a product with the following standard costs: In July the company produced 3,300 units using 12,240 pounds of the direct material and 2,760 direct labor-hours. During the month, the company purchased 13,000 pounds of the direct material at a cost of $35,100. The actual direct labor cost was $51,612 and the actual variable overhead cost was $20,148. 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 July is:

• A)$960 F
• B)$960 U
• C)$876 F
• D)$876 U

Apply knowledge of medical terminology structure to build or interpret medical terms.

Distinguish between singular and plural forms within medical context.

Associate specific medical conditions or procedures with the correct medical terminology.

Demonstrate understanding of the relationship between word roots and the medical conditions they describe.

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Definitions:

Accounts Payable

Obligations a company has to pay back to lenders for products and services bought on credit.

Salary Expense

The total amount paid to employees for services rendered during a specific period before any deductions are made.

Fees Earned

Revenue generated from services provided.

Common Stock

A kind of stock that signifies having a stake in a company, accompanying the power to vote and the possibility of receiving dividends.