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Ortman Corporation Makes a Product with the Following Standard Costs

Question 53

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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 rate variance for May is: A) $1, 008 F B) $981 U C) $981 F D) $1, 008 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 labor rate variance for May is: A) $1, 008 F B) $981 U C) $981 F D) $1, 008 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 labor rate variance for May is:


A) $1, 008 F
B) $981 U
C) $981 F
D) $1, 008 U

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