Oddo Corporation Makes a Product with the Following Standard Costs

question 78

Multiple Choice

Oddo Corporation makes a product with the following standard costs:

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

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 December is:

• A)$1,540 U
• B)$1,496 F
• C)$1,540 F
• D)$1,496 U

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Definitions:

Nourishment

The food and nutrients necessary for growth, health, and good condition.

Pupil Diameter

The size of the opening in the center of the iris of the eye, which regulates the amount of light that enters the eye.

Sphincter Pupillae

Circular smooth muscle fibers of the iris’s diaphragm that constrict the pupil of the eye.

Ciliary Muscles

Ring-shaped muscles in the eye that change the shape of the lens to focus light on the retina, enabling the eye to adapt its vision for close or distant objects.