Biery Corporation Makes a Product with the Following Standard Costs

question 185

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 materials quantity variance for April is:

• A)$290 F
• B)$290 U
• C)$300 F
• D)$300 U

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Definitions:

Psychosocial Theory

A framework proposed by Erik Erikson that outlines eight stages of psychological development, focusing on the evolving understanding of the self, relationships, and society throughout the lifespan.

Stage Theory

A theoretical perspective that suggests human development and psychological processes progress through distinct and sequential stages.

Developmental Tasks

Specific challenges that individuals are expected to master at various stages of life, contributing to their social and psychological development.

Embalming

A process designed to preserve a body from decay, originally practiced in ancient Egypt.