Ortman Corporation Makes a Product with the Following Standard Costs

question 407

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 rate variance for May is:

• A)$1,008 F
• B)$981 U
• C)$981 F
• D)$1,008 U

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Definitions:

Complementary

Things or factors that together enhance or complete each other's qualities, providing a synergistic effect.

White Light

Electromagnetic radiation that is visible to the human eye and is perceived as colorless. It contains all wavelengths of the visible spectrum.

Glissades

Smooth, sliding movements, often associated with ballet or used metaphorically to describe seamless transitions.

End-stopped Neurons

Neurons that become activated or inhibited by specific visual patterns at the end of object borders; however, this term is not widely used in contemporary neuroscience, so the precise definition may vary.