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Ortman Corporation Makes a Product with the Following Standard Costs

Question 337

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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 labor efficiency variance for May is: A) $483 U B) $510 U C) $483 F D) $510 F 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 labor efficiency variance for May is: A) $483 U B) $510 U C) $483 F D) $510 F 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 labor efficiency variance for May is:


A) $483 U
B) $510 U
C) $483 F
D) $510 F

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