Carwas Question 19 Tharaldson Corporation makes a product with the loving and Standard Quantity or Hours Standard Price Rates Cond. De Direct materials 63 Dunces $2.00 DO 1200 Direct labor 04 hours $1100 per hour 5 440 Variable overhead 04 hours $600 per hou $ 249 The company reported the folowing results concerning this product in bare Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours 3,300 units 2.600 units 21,300 ounces 22,400 ounces 470 hours Actual cost of raw materials purchases $42.000 Actual direct labor cost $13,300 Actual variable overhead cost $3,650 The company applies variable overhead on the basis of direct labor-hours. The direct materias poches was when the materials are purchased. Canvas The company reported the following results concerning this proban. Originally budgeted output 3300 units Actual output 2.600 units Raw materials used in production 21.300 ounces Purchases of raw materials 22.400 ounces Actual direct labor-hours 470 hours Actual cost of raw materials purchases$42.000 Actual direct labor cost Actual variable overhead cost $13.300 $3,650 The company applies variable overhead on the basis of direct labor hours The nature when the materials are purchased. The labor rate variance for June is: $8,130 F $2,5520 $8,130 V $2,552F