The Litton Company Has Established Standards as Follows

question 63

Multiple Choice

The Litton Company has established standards as follows:

Direct material: 3 pounds per unit $4 per pound = $12 per unit
Direct labor: 2 hours per unit $8 per hour = $16 per unit
Variable manufacturing overhead: 2 hours per unit $5 per hour = $10 per unit

Actual production figures for the past year are given below. The company records the materials price variance when materials are purchased.
The company applies variable manufacturing overhead to products on the basis of standard direct labor-hours.
-The variable overhead efficiency variance is:

• A)$520 F
• B)$520 U
• C)$500 U
• D)$500 F

---

Definitions:

Young Adults

Individuals in the age group that falls between adolescence and full-fledged adulthood, often defined as ages 18 to 25.

Dissatisfaction

A sensation of dissatisfaction or sadness due to expectations or needs not being fulfilled.

Egalitarian Relationships

Relationships characterized by equality, where individuals have equal rights, responsibilities, and opportunities without discrimination on any basis.

Marriage Satisfaction

The degree to which individuals feel content and fulfilled in their marital relationships, encompassing emotional, physical, and companionship aspects.