Ortman Corporation Makes a Product with the Following Standard Costs

question 102

Multiple Choice

Ortman Corporation makes a product with the following standard costs:

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

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 May is:

• A)$1,200 U
• B)$1,200 F
• C)$1,215 F
• D)$1,215 U

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Definitions:

Ova

The female reproductive cells or eggs in animals and plants, which when fertilized by male sperm can develop into a new organism.

Genetic-Environment Correlations

The concept describing how genetic factors can influence the likelihood of encountering particular environments, often studied in the context of behavioral genetics.

Genetic-Environment Correlations

The concept that genetic predispositions can influence an individual's environment, and conversely, the environment can affect the expression of genes.

Genetics

The branch of biology that studies genes, genetic variation, and heredity in organisms.