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Ortman Corporation Makes a Product with the Following Standard Costs

Question 50

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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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