Beakins Corporation produces a single product. The standard cost card for the product follows: During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below: The company records all variances at the earliest possible point in time. Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials price variance for the period is:
A)$1,250 F
B)$1,500 F
C)$1,250 U
D)$1,500 U

Question

Beakins Corporation produces a single product. The standard cost card for the product follows:  During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below:  The company records all variances at the earliest possible point in time. Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials price variance for the period is:
A)$1,250 F 
B)$1,500 F 
C)$1,250 U 
D)$1,500 U

Quizplus · Accepted Answer

The Answer of Beakins Corporation produces a single product. The standard cost card for the product follows:  During a recent period the company produced 1,200 units of product. Various costs associated with the production of these units are given below:  The company records all variances at the earliest possible point in time. Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials price variance for the period is:
A)$1,250 F 
B)$1,500 F 
C)$1,250 U 
D)$1,500 U

Beakins Corporation Produces a Single Product