The Apoundright Company Uses Standard Costing and Has Established the Following

question 16

Multiple Choice

The Apoundright Company uses standard costing and has established the following standards for its single product:
Direct materials: 2 gallons at $3 per gallon
Direct labor: 0.5 hours at $8 per hour
Variable overhead: 0.5 hours at $2 per hour
During November, the company made 4,000 units and incurred the following costs:
Direct materials purchased: 8,100 gallons at $3.10 per gallon
Direct materials used: 7,600 gallons
Direct labor used: 2,200 hours at $8.25 per hour
Actual variable overhead: $4,175
The company applies variable overhead to products on the basis of standard direct labor-hours.
-The materials quantity variance for November was:

• A) $1,200 U
• B) $1,200 F
• C) $300 U
• D) $1,500 F

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Definitions:

Impunity

Exemption from punishment or loss or escape from fines, despite having engaged in wrongdoing.

Cybersex

Sexual experiences facilitated through the internet, using digital communication or virtual reality to simulate physical intimacy with another person.

Masturbation

A sexual act where an individual stimulates their own genital organs for sexual pleasure, often until the point of orgasm.

Depression

A mental health disorder characterized by persistently depressed mood or loss of interest in activities, causing significant impairment in daily life.