Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A. 443 F B. 443 U C. 960 F D. 960 U TY in advance :) Tharaldson Corporation makes a product with the following standard

image text in transcribedA. 443 F

B. 443 U

C. 960 F

D. 960 U

TY in advance :)

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.6 ounces 0.7 hours 0.7 hours Standard Cost Per Unit $30.40 $ 7.00 $ 6.30 Standard Price or Rate $ 4.00 per ounce $10.00 per hour $ 9.00 per hour Direct materials Direct labor Variable overhead 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 3,000 units 2,600 units 20,000 ounces 22,500 ounces 3,500 hours $ 41,500 $ 13,000 $ 3,500 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fraud Examination Investigative And Audit Procedures

Authors: Joseph T. Wells

1st Edition

089930639X, 978-0899306391

More Books

Students also viewed these Accounting questions

Question

What is debts cost of money called?

Answered: 1 week ago