Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Charaldson Corporation makes a product with the towing standards Standard Quantity or Hours Standard Price of Rare Standard CorPer Unit Direct materials 6.1 Ounces $8.00

image text in transcribed
image text in transcribed
Charaldson Corporation makes a product with the towing standards Standard Quantity or Hours Standard Price of Rare Standard CorPer Unit Direct materials 6.1 Ounces $8.00 per Ounce $48.80 Direct labor 0.6 hours $12.00 per hout $ 720 Variable overhead 0.6 hours $8.00 per hour $ 480 The company reported the following results concerning this product in June Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours 3,500 units 3.000 units 20.500 ounces 21,000 ounces 4100 hours Actual cost of raw materials purchases $42.000 Actual direct labor cost $13,500 Actual variable overhead cost $3,750 The company applies variable overhead on the basis of direct labor-hours. The direct materias purchases variant compted when the materials are purchased. aterials quantity variance for June is: Fie commary teported the tools, des conting this produto.me Originally budgeted output 3.500 units Actual output 3.000 units Raw materials used in production 20.500ounces Purchases of raw materials 21.000ources Actual direct labor-hours 4100 hours Actual cost of raw materials purchases 542.000 $13.500 Actual direct labor cost $3.750 Actual variable overhead cost The company applies variable overhead on the basis of direct laborious The Beach when the materials are purchased. The materials quantity variance for Sune is $17.600 F $4400F $17.00u

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Effective Writing A For Accountants

Authors: Claire B. May, Gordon S. May

9th Edition

0132567245, 9780132567244

More Books

Students also viewed these Accounting questions