Berends Corporation makes a product with the following standard costs:

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

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 April is:
A)$17,180 U
B)$16,192 F
C)$16,192 U
D)$17,180 F

Question

Berends Corporation makes a product with the following standard costs:

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

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 April is:
A)$17,180 U 
B)$16,192 F 
C)$16,192 U 
D)$17,180 F

Quizplus · Accepted Answer

The Answer of Berends Corporation makes a product with the following standard costs:

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

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 April is:
A)$17,180 U 
B)$16,192 F 
C)$16,192 U 
D)$17,180 F

Berends Corporation Makes a Product with the Following Standard Costs