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 price variance for December is:
A)$2,520 U
B)$2,520 F
C)$2,900 F
D)$2,900 U

Question

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 price variance for December is:
A)$2,520 U 
B)$2,520 F 
C)$2,900 F 
D)$2,900 U

Quizplus · Accepted Answer

The Answer of 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 price variance for December is:
A)$2,520 U 
B)$2,520 F 
C)$2,900 F 
D)$2,900 U

Oddo Corporation Makes a Product with the Following Standard Costs