Oddo Corporation Makes a Product with the Following Standard Costs

question 153

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 variable overhead rate variance for December is:

• A)$316 F
• B)$294 F
• C)$316 U
• D)$294 U

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Definitions:

Experimental Group

The participants in an experiment who receive the drug or other treatment under study—that is, those who are exposed to the change that the independent variable represents.

Placebo Effect

A phenomenon in which a person experiences a physiological or psychological improvement after being given a treatment with no therapeutic value.

Anxiety Disorder

A category of mental health diagnoses that lead to excessive nervousness, fear, apprehension, and worry.

Independent Variable

The variable in an experiment that is manipulated to see if it causes an effect on some other variable.