Oddo Corporation Makes a Product with the Following Standard Costs

question 134

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 labor rate variance for December is:

• A)$5, 372 F
• B)$4, 998 U
• C)$5, 372 U
• D)$4, 998 F

---

Definitions:

Symbol

An object, character, figure, or color used to represent abstract ideas or concepts.

Dao

A central concept in Chinese philosophy and religion, representing the fundamental principle underlying the universe that guides everything in harmonious existence.

Karma Yoga

(Sanskrit.) The spiritual discipline of disowning one’s own actions, with the consequence that one does not accumulate karma from them.

Attitude

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.