Gilder Corporation Makes a Product with the Following Standard Costs

question 183

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 materials price variance for June is:

• A)$4,410 F
• B)$4,410 U
• C)$4,180 U
• D)$4,180 F

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Definitions:

Artificial Lens

A synthetic lens implanted in the eye to replace or augment the eye's natural lens often used to correct vision impairments.

Laser Technology

The use and application of lasers, which are devices that emit light through a process of optical amplification based on the stimulated emission of electromagnetic radiation.

Antioxidants

Compounds that hinder or decelerate cell damage resulting from free radicals, which are unstable molecules generated by the body in response to environmental and various stresses.

Strength Training

A form of physical exercise specializing in the use of resistance to induce muscular contraction, which builds the strength, anaerobic endurance, and size of skeletal muscles.