Berends Corporation Makes a Product with the Following Standard Costs

question 366

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:

Developing Opportunities

Refers to the process of identifying and creating new prospects for growth and improvement within a business or personal context.

Video Game Industry

A sector focused on the development, marketing, and sales of video games, including hardware and software components.

Entrepreneurial Firms

Companies that pursue opportunities, innovation, and value creation regardless of the resources currently in their possession.

Ambidextrous

The ability of an organization to simultaneously explore new opportunities while exploiting existing ones to achieve superior performance.