Examlex

Solved

Biery Corporation Makes a Product with the Following Standard Costs

question 133

Multiple Choice

Biery Corporation makes a product with the following standard costs:
Biery Corporation makes a product with the following standard costs:    The company produced 4,100 units in April using 5,380 liters of direct material and 2,610 direct labor-hours. During the month, the company purchased 6,000 liters of the direct material at $5.80 per liter. The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $2.90 per hour.  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) $290 F B) $290 U C) $300 F D) $300 U
The company produced 4,100 units in April using 5,380 liters of direct material and 2,610 direct labor-hours. During the month, the company purchased 6,000 liters of the direct material at $5.80 per liter. The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $2.90 per hour.

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:


Definitions:

Primary Attachment

The initial and strongest bond formed by an infant with their primary caregiver, crucial for the child's development.

Baby Einstein

Baby Einstein is a brand known for producing multimedia products, including videos, music, and toys, designed to be educational tools for infants and toddlers.

Vocabulary Increased

The expansion or growth of one's set of known words or terminologies.

University of Washington

A public research university located in Seattle, Washington, known for its medical, engineering, and science programs.

Related Questions