Ortman Corporation Makes a Product with the Following Standard Costs

question 188

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 variable overhead rate variance for May is:

• A)$112 F
• B)$112 U
• C)$109 F
• D)$109 U

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Definitions:

Specific Statements

Clear and precise sentences that provide explicit information or details, often used to avoid ambiguity and misunderstanding.

Four-card Task

A logic puzzle used to examine a person's ability to apply deductive reasoning by determining which cards must be turned over to test a rule.

Beverage

Any type of liquid specifically prepared for human consumption, including drinks such as water, tea, coffee, soda, and alcohol.

Age

A measure of the length of time that an individual or entity has existed; often used in research to understand changes over the lifespan.