Solved

Beakins Corporation Produces a Single Product

Question 43

Multiple Choice

Beakins Corporation produces a single product.The standard cost card for the product follows: Beakins Corporation produces a single product.The standard cost card for the product follows: During a recent period the company produced 1, 200 units of product.Various costs associated with the production of these units are given below: The company records all variances at the earliest possible point in time.Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials price variance for the period is: A) $1, 250 F B) $1, 500 F C) $1, 250 U D) $1, 500 U During a recent period the company produced 1, 200 units of product.Various costs associated with the production of these units are given below: Beakins Corporation produces a single product.The standard cost card for the product follows: During a recent period the company produced 1, 200 units of product.Various costs associated with the production of these units are given below: The company records all variances at the earliest possible point in time.Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials price variance for the period is: A) $1, 250 F B) $1, 500 F C) $1, 250 U D) $1, 500 U The company records all variances at the earliest possible point in time.Variable manufacturing overhead costs are applied to products on the basis of standard direct labor-hours. The materials price variance for the period is:


A) $1, 250 F
B) $1, 500 F
C) $1, 250 U
D) $1, 500 U

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q38: Jackson Industries uses a standard cost system

Q41: Ortman Corporation makes a product with the

Q45: Rardin Corporation makes a product with the

Q47: Tout Corporation makes a product that has

Q48: Taccone Corporation makes a product that has

Q81: Sholette Manufacturing Corporation has a standard cost

Q151: A quantity standard indicates how much output

Q161: The Maxwell Corporation has a standard costing

Q166: Pearle Corporation makes automotive engines. For the

Q378: Midgley Corporation makes a product whose direct