Epley Corporation Makes a Product with the Following Standard Costs

question 23

Multiple Choice

Epley Corporation makes a product with the following standard costs: In July the company produced 3, 300 units using 12, 240 pounds of the direct material and 2, 760 direct labor-hours.During the month, the company purchased 13, 000 pounds of the direct material at a cost of $35, 100.The actual direct labor cost was $51, 612 and the actual variable overhead cost was $20, 148. 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 July is:

• A)$3, 465 U
• B)$3, 900 F
• C)$3, 465 F
• D)$3, 900 U

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Definitions:

Delusions

False beliefs held with strong conviction despite superior evidence to the contrary, often occurring in psychiatric conditions.

Hallucinations

Perception of something not present, such as hearing or seeing something that isn't there, often associated with psychiatric conditions or neurological disorders.

Obsessions

Persistent, unwanted thoughts, images, or urges that cause distress or anxiety.

Olfactory Inhibition

The decrease in the ability to perceive odors, which can occur temporarily due to factors such as nasal congestion or more permanently from certain neurological conditions.