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Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Direct materials Direct labor Variable overhead Hours 3.5
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Rate Direct materials Direct labor Variable overhead Hours 3.5 grams 1.00 per gram 0.7 hours 11.00 per hour 0.7 hours 2.00 per hour The company reported the following results concerning this product in July 3,000 units Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials 11,370 grams 1,910 hours' 12,100 grams Actual price of raw materials purchased 1.20 per gram Actual direct labor rate Actual variable overhead rate s 11.40 per hour $ 2.10 per hour The company applies variable overhead on the basits of direct labor-hours. The direct materials purchases variance is materials are purchased. The labor efficiency variance for July is: Multiple Choice $2,090 U Actual price of raw materials purchased 1.20 per gram Actual direct labor rate Actual variable overhead rate s 11.40 per hour $ 2.10 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed wh materials are purchased. The labor efficiency variance for July is: Multiple Choice $2,090 U $2166 U $2,090 F $2,166 F
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