Gilder Corporation Makes a Product with the Following Standard Costs

question 64

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 efficiency variance for June is:

• A)$240 U
• B)$216 U
• C)$240 F
• D)$216 F

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Definitions:

Alkyl Group

A group of atoms derived from an alkane, containing only carbon and hydrogen atoms, arranged in a chain.

Aspartic Acid

An amino acid that plays a vital role in the biosynthesis of proteins and in neurotransmitter release and synthesis.

pI

The isoelectric point of a molecule, which is the pH at which the molecule carries no net electrical charge.

Predominant Form

Predominant form refers to the most stable or commonly occurring form of a chemical species under given conditions.