Ortman Corporation Makes a Product with the Following Standard Costs

question 167

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 variable overhead efficiency variance for May is:

• A)$27 F
• B)$27 U
• C)$30 U
• D)$30 F

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Definitions:

Irrational Belief

A thought or belief that is unreasonable or unfounded, often leading to negative emotional outcomes or behaviors.

Cognitive Appraisal

The process by which an individual evaluates and interprets an event or situation to understand its significance for their well-being.

Inner Conflict

A psychological struggle within the self, arising from opposing demands or impulses.

General Adaptation Syndrome

General Adaptation Syndrome is a three-phase response to stress identified by Hans Selye, including alarm, resistance, and exhaustion stages.