Oddo Corporation Makes a Product with the Following Standard Costs

question 118

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 materials quantity variance for December is:

• A)$1, 540 U
• B)$1, 496 F
• C)$1, 540 F
• D)$1, 496 U

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Definitions:

Education Level

A measure or classification of the highest degree of schooling or university education a person has completed.

Downtown Washington

Downtown Washington refers to the central business district and political center of Washington D.C., characterized by significant landmarks such as the White House and the U.S. Capitol.

Categorical Variables

Variables that denote categories and can assume one among a limited, typically constant, set of possible values.

Quantitative Variables

Variables that can be quantified and measured numerically.