Biery Corporation Makes a Product with the Following Standard Costs

question 154

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 variable overhead rate variance for April is:

• A)$261 U
• B)$246 F
• C)$261 F
• D)$246 U

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Definitions:

Detailed Contracts

Contracts that explicitly outline all conditions, clauses, obligations, and specifications agreed upon by the parties involved, minimizing ambiguity.

Japanese

Japanese refers to anything related to Japan, including its language, culture, or citizens.

Reasonable Time

An undefined period which is fair and appropriate under the circumstances for the performance of a certain action or fulfillment of a duty in a legal context.

Offer Expired

A situation where a proposal for a contract or agreement has reached its time limit without acceptance, rendering it void.