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13 Gilder Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity of Standard Price or Hours Rate

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Gilder Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity of Standard Price or Hours Rate 4.4 grams S8.00 per gram 0.7 hours $19.00 per hour 0 7 hours $400 per hour Standard Cost Per Unit $3520 $13:30 $280 The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 6,600 units 6,500 units 28.380grams 31,800 grams 4,500 hours $257580 $89,550 $16.650 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 price variance for June is 02,860 U O $3,180 V O $2.860 F O $3.180 F

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