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Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours 3.5 grams 0.7 hours 0.7 hours The company reported the following
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours 3.5 grams 0.7 hours 0.7 hours The company reported the following results concerning this product in July. Direct materials Direct labor Variable overhead 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 Multiple Choice 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 variable overhead rate variance for July is: O $191 U $210 U $210 F Standard Price or Rate $ 1.00 per gram $11.00 per hour $ 2.00 per hour $191 F 3,000 units 11,370 grams 1,910 hours 12,100 grams $ 1.20 per gram $11.40 per hour $ 2.10 per hour
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