Ortman Corporation Makes a Product with the Following Standard Costs

question 53

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 labor rate variance for May is:

• A)$1, 008 F
• B)$981 U
• C)$981 F
• D)$1, 008 U

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Definitions:

Official Interpreter

A professionally trained individual who translates spoken or signed language, facilitating communication between people who do not share a common language.

Nursing Manager

A nurse who oversees the management and coordination of nursing services in a healthcare facility.

Urinary Catheter

A tube inserted into the bladder through the urethra to drain urine from the body when a person cannot do it naturally.

Intravenous Line

A medical device used to deliver fluids, medications, or nutrients directly into a vein.