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Bulluck Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead The company reported the following results concerning this product
Bulluck Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead The company reported the following results concerning this product in July Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct labor rate Actual variable overhead rate Standard Quantity or Hours 5.2 grams 0.7 hours 0.7 hours Multiple Choice $851 F $ 2.90 per gram $ 13.10 per hour $ 3.80 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is com The variable overhead efficiency variance for July is: $874 U $874 F Standard Price or Rate $ 2.70 per gram $28.00 per hour $ 3.70 per hour 4,700 units 13,070 grams 3,060 hours 13,800 grams
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