Gilder Corporation Makes a Product with the Following Standard Costs

question 309

Multiple Choice

Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. 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 efficiency variance for June is:

• A)$640 F
• B)$640 U
• C)$612 F
• D)$612 U

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Definitions:

Oil Imports

The purchase of petroleum products or crude oil from foreign countries to meet a nation's energy needs and fuel its economy.

Pollution

The introduction of contaminants into the natural environment that cause adverse change, potentially harming human health and the ecosystem.

Economic Security

The condition of having stable income or resources to support a standard of living now and in the foreseeable future, encompassing employment, health care, and social safety nets.

Solar Cells

Appliances that directly transform light energy into electrical energy via the photovoltaic effect, often found in solar panels.