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

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 quantity variance for December is:
A)$1,540 U 
B)$1,496 F 
C)$1,540 F 
D)$1,496 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 quantity variance for December is:
A)$1,540 U 
B)$1,496 F 
C)$1,540 F 
D)$1,496 U

Oddo Corporation Makes a Product with the Following Standard Costs