Berends Corporation Makes a Product with the Following Standard Costs

question 8

Multiple Choice

Berends Corporation makes a product with the following standard costs: The company reported the following results concerning this product in April. 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 April is:

• A)$17, 180 U
• B)$16, 192 F
• C)$16, 192 U
• D)$17, 180 F

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Definitions:

Intangibles

Assets or values that cannot be physically touched, such as goodwill, brand recognition, or intellectual property.

Tangibles

Physical items or properties that can be seen, touched, or measured.

Logrolling

Logrolling involves the exchange of favors, especially in politics, by reciprocal voting for each other's proposed legislation.

Highly Preferred Outcome

A result or conclusion that is significantly favored or desired over other possible outcomes.