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Ortman Corporation Makes a Product with the Following Standard Costs

Question 48

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Ortman Corporation makes a product with the following standard costs: Ortman Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. 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 May is: A) $1,200 U B) $1,200 F C) $1,215 F D) $1,215 U The company reported the following results concerning this product in May. Ortman Corporation makes a product with the following standard costs: The company reported the following results concerning this product in May. 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 May is: A) $1,200 U B) $1,200 F C) $1,215 F D) $1,215 U 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 May is:


A) $1,200 U
B) $1,200 F
C) $1,215 F
D) $1,215 U

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