Tidd Corporation Makes a Product with the Following Standard Costs

question 33

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 quantity variance for November is:

• A)$7,530 U
• B)$7,028 U
• C)$7,530 F
• D)$7,028 F

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Definitions:

Tax Benefits

Financial advantages granted by taxing authorities, reducing the tax liability for individuals or businesses, often used to promote certain behaviors or investments.

Demonstrable Tasks

Tasks that can be easily shown, proven, or validated through practical demonstration or evidence.

Decision Fatigue

A psychological state where a person's ability to make decisions deteriorates due to the mental exhaustion from making numerous decisions.

Behavioral Consequence

refers to the result or outcome that follows a specific behavior, influencing future behavior through reinforcement or punishment.