Oddo Corporation Makes a Product with the Following Standard Costs

question 119

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 labor rate variance for December is:

• A)$5,372 F
• B)$4,998 U
• C)$5,372 U
• D)$4,998 F

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Definitions:

Prostate Cancer

A form of cancer that occurs in the prostate, a small walnut-shaped gland in men that produces seminal fluid.

Feminization of Aging

The phenomenon where the older population tends to have a higher proportion of women, due to differences in life expectancy between genders.

Infant Mortality

The rate at which infants die before reaching their first birthday, often used as a key indicator of a country's health status and quality of its healthcare system.