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A corporation makes a product with the following standard conte Rate $ 4.00 per Standard Quantity or Standard Price or Standard Cost Hours Per Unit
A corporation makes a product with the following standard conte Rate $ 4.00 per Standard Quantity or Standard Price or Standard Cost Hours Per Unit Direct materials 7.1ounces $ 28.40 ounce Direct labor 0.2hours $ 2.20 hour Variable per $ 4.00 0.2hours $ 0.80 overhead hour The company reported the following results concerning this product in June. $ 11.00 per Originally budgeted output 2500 units Actual output 3000units Raw materials used in production 21,500ounces Purchases of raw materials 19.400ounces Actual direct labor-hours 560hours Actual cost of raw materials purchases $ 45,100 Actual direct labor cost $ 12,500 Actual variable overhead cost $ 3250 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. "he labor efficiency variance for June is
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