Gentile Corporation Makes a Product with the Following Standard Costs

question 169

Multiple Choice

Gentile Corporation makes a product with the following standard costs: The company produced 6,000 units in May using 36,970 kilos of direct material and 4,340 direct labor-hours. During the month, the company purchased 40,400 kilos of the direct material at $4.70 per kilo. The actual direct labor rate was $13.70 per hour and the actual variable overhead rate was $2.70 per hour.

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 materials price variance for May is:

• A)$11,880 U
• B)$11,880 F
• C)$12,120 F
• D)$12,120 U

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Definitions:

Avoidant Relationships

A type of interpersonal relationship characterized by an individual’s desire to maintain independence and emotional distance.

Indicating Commitment

Showing dedication or a promise to engage in a relationship or project long-term.

Splitting Up

The process of ending a relationship or partnership, often used in the context of romantic relationships.

Hazan and Shaver's Model

A theory on adult romantic relationships that categorizes them into secure, avoidant, and anxious attachment styles, based on childhood experiences.