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Business, 26.08.2021 01:00 lex5473

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.9 ounces $ 4.00 per ounce $ 23.60 Direct labor 0.8 hours $ 10.00 per hour $ 8.00 Variable overhead 0.8 hours $ 4.00 per hour $ 3.20 The company reported the following results concerning this product in June. Originally budgeted output 3,700 units Actual output 3,300 units Raw materials used in production 21,500 ounces Purchases of raw materials 20,800 ounces Actual direct labor-hours 5,500 hours Actual cost of raw materials purchases $ 42,200 Actual direct labor cost $ 13,700 Actual variable overhead cost $ 3,850 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 June is:

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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours...

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