Berends Corporation Makes a Product with the Following Standard Costs

question 149

Multiple Choice

Berends Corporation makes a product with the following standard costs:

The company reported the following results concerning this product in April.

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 April is:

• A)$8,430 U
• B)$8,430 F
• C)$7,868 U
• D)$7,868 F

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Definitions:

Money Supply

The complete sum of financial resources present within an economy at a given moment.

Growth Rate

The rate at which a country's economy or a specific industry or company's revenue increases over a specific time period.

Aggregate Demand

The total demand for all goods and services within an economy at a particular time and price level.

Inflation

The speed at which the average price level of goods and services escalates, weakening the power to purchase.