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Ortman Corporation Makes a Product with the Following Standard Costs

Question 371

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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 price variance for May is: A) $1,264 F B) $1,400 F C) $1,264 U D) $1,400 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 price variance for May is: A) $1,264 F B) $1,400 F C) $1,264 U D) $1,400 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 price variance for May is:


A) $1,264 F
B) $1,400 F
C) $1,264 U
D) $1,400 U

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