Tidd Corporation Makes a Product with the Following Standard Costs

question 85

Multiple Choice

Tidd Corporation makes a product with the following standard costs: The company reported the following results concerning this product in November. 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 price variance for November is:

• A)$8,460 F
• B)$8,460 U
• C)$9,460 U
• D)$9,460 F

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Definitions:

Balance of Trade

The difference in value between a country's imports and exports over a certain period, indicating its trading position with the rest of the world.