Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions
Dodd Corporation used $90,000 of direct material, $112,000 of direct labor, and applied $104,000 of manufacturing overhead during July. Its beginning and ending work-in-process and finished goods inventories were as follows:

-The differences between standard and actual financial amounts of inputs are referred to as:

A) standard deviations
B) variances
C) appraisals
D) exceptions