Oddo Corporation Makes a Product with the Following Standard Costs

question 370

Multiple Choice

Oddo Corporation makes a product with the following standard costs: The company reported the following results concerning this product in December. 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 December is:

• A)$4,026 F
• B)$4,026 U
• C)$4,400 F
• D)$4,400 U

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Definitions:

Dutch Ethologist

A Dutch ethologist is a scientist from the Netherlands who studies animal behavior through observational and experimental methods.

Habituation

A type of learning in which an animal becomes accustomed to a repeated, irrelevant stimulus and no longer responds to it.

Physiologically Ready

A state in which an organism or part of an organism is prepared for a specific physiological process or activity.

Sand Wasp

Insect species within the Crabronidae family, known for nesting in sandy environments and often preying upon or parasitizing other insects.