Biery Corporation Makes a Product with the Following Standard Costs

question 157

Multiple Choice

Biery Corporation makes a product with the following standard costs: The company produced 4, 100 units in April using 5, 380 liters of direct material and 2, 610 direct labor-hours.During the month, the company purchased 6, 000 liters of the direct material at $5.80 per liter.The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $2.90 per hour. 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)$1, 066 U
• B)$1, 200 U
• C)$1, 200 F
• D)$1, 066 F

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Definitions:

Moral Behavior

Actions that are in accordance with ethical principles and considerations, often reflecting character and virtue.

Formal Element

Structured or officially sanctioned components of an organization or system, including rules, policies, and organizational structures.

Communication Channels

The mediums through which information is transmitted from one entity to another, including verbal, non-verbal, written, and digital forms.

Collective Well-Being

The overall health, happiness, and prosperity of a group or community, as opposed to just individuals.