Oddo Corporation Makes a Product with the Following Standard Costs

question 111

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 price variance for December is:

• A)$2, 520 U
• B)$2, 520 F
• C)$2, 900 F
• D)$2, 900 U

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Definitions:

Organizational Success

The achievement of the goals and objectives set by an organization, often measured by factors like profitability, market share, or growth.

Organizational Change Approach

Strategies and methods used by organizations to modify their structure, processes, or culture to achieve desired outcomes.

Diagnostic Tool

Instruments or techniques used to identify the cause of an issue or condition.

Primary Objective

The main goal or purpose that an individual, group, or organization aims to achieve above all others.