Gilder Corporation Makes a Product with the Following Standard Costs

question 21

Multiple Choice

Gilder Corporation makes a product with the following standard costs:

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

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 rate variance for June is:

• A)$330 U
• B)$330 F
• C)$306 U
• D)$306 F

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Definitions:

Freshman

A student in the first year of high school, college, or university education.

Ordinal

Pertains to a classification of data where the order of the values is significant, but the distance between values is not uniform.

Nominal

A measurement scale used to categorize data without implying any order or quantitative value among the categories.