Ortman Corporation Makes a Product with the Following Standard Costs

question 41

Multiple Choice

Ortman Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. 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 efficiency variance for May is:

• A)$483 U
• B)$510 U
• C)$483 F
• D)$510 F

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Definitions:

Southern Theory

A critical approach in sociology that highlights and addresses the biases and limitations of theories developed in the global North, advocating for perspectives from the global South.

Religious Rituals

Prescribed behaviors in a religious context, often involving ceremonies or performances, that are practiced by a community to embody or express their faith.

Political Movements

Collective actions organized by individuals or groups to achieve social, political, or environmental goals.

Critical Race Theory

A theoretical framework in the social sciences that examines society and culture as they relate to categorizations of race, law, and power.