Oddo Corporation Makes a Product with the Following Standard Costs

question 96

Multiple Choice

Oddo Corporation makes a product with the following standard costs: The company reported the following results concerning this product in December. 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 December is:

• A)$4,026 F
• B)$4,026 U
• C)$4,400 F
• D)$4,400 U

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Definitions:

Defense Marriage Act

A U.S. federal law enacted in 1996 that defined marriage as a union between one man and one woman for federal purposes, but was ruled unconstitutional in parts by the Supreme Court in 2013.

Equal Employment Opportunity Commission

A federal agency responsible for enforcing laws against workplace discrimination in the United States.

U.S. Civil Service Commission

This was a government agency responsible for overseeing the civil service of the United States, ensuring that its hiring and employment practices were based on merit. It has since evolved into the Office of Personnel Management (OPM).

Reverse Discrimination

Situations where affirmative action or similar measures result in perceived or actual discrimination against a dominant or majority group.