Bulluck corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 3.5 grams $ 1.00 per gram direct labor 0.7 hours $ 11.00 per hour variable overhead 0.7 hours $ 2.00 per hour the company reported the following results concerning this product in july. actual output 3,000 units raw materials used in production 11,370 grams actual direct labor-hours 1,910 hours purchases of raw materials 12,100 grams actual price of raw materials purchased $ 1.20 per gram actual direct labor rate $ 11.40 per hour actual variable overhead rate $ 2.10 per hour 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 variable overhead efficiency variance for july is:

Answer

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Step-by-step explanation:

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True

Explanation:

Internal data simply had to do with the information that is generated and gotten from the company or organization.

We should note that critical internal metrics is collected as part of the market information system as it helps in addressing certain issues with regards to the business before they become a problem.

Having the right information is vital for the decision makers in an organization to make decisions. A vital aspect of the marketing management is the creation of a procedure which collects relevant information and then analyses them.

Based on the above explanation, the statement above is true.