Caquias Corporation Makes a Product with the Following Standard Costs

question 88

Multiple Choice

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

• A)$480 F
• B)$500 U
• C)$500 F
• D)$480 U

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Definitions:

Sociocultural Perspective

A psychological approach that emphasizes social and cultural influences on behavior.

Learning Perspective

A psychological approach that emphasizes how the environment and experience affect a person’s or animal’s actions; it includes behaviorism and social-cognitive learning theories.

Biological Perspective

An approach in psychology focusing on the physical and biological bases of behavior, including genetic, hormonal, and neurobiological factors.

Social-Cognitive Perspective

A view that focuses on how people learn by observing others and how they control their own behavior through self-regulation and self-reflection.