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andwer thr question Majer Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Per Hours Standard Price or Rate Unit
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Majer Corporation makes a product with the following standard costs: Standard Quantity or Standard Cost Per Hours Standard Price or Rate Unit Direct materials 6.2 ounces $ 3.00 per ounce $18.60 Direct labor 2.1 hours $ 13.00 per hour $ 1.39 Variable overhead 0.1 hours $ 3.00 per hour $ 0.30 The company reported the following results concerning this product in February Originally budgeted output 5,300 units Actual output 5,800 units Raw materials used in production 33,200 ounces Actual direct labor-hours 1,880 hours Purchases of raw materials 35,600 ounces $ 27.10 per ounce Actual price of raw materials $17.60 per hour Actual direct labor rate Actual variable overhead rate $ 5.40 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 materials quantity variance for February is: The materials quantity variance for February is: Multiple Choice O $8,217 U O $8,280 U O $8,217 F $8,280 F Step by Step Solution
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