Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. 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 June is:
A)$4,410 F
B)$4,410 U
C)$4,180 U
D)$4,180 F

Question

Gilder Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in June.  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 June is:
A)$4,410 F 
B)$4,410 U 
C)$4,180 U 
D)$4,180 F

Quizplus · Accepted Answer

The Answer of Gilder Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in June.  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 June is:
A)$4,410 F 
B)$4,410 U 
C)$4,180 U 
D)$4,180 F

Gilder Corporation Makes a Product with the Following Standard Costs