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Gilder Corporation makes a product with the following standard costs: Standard Price or Rate Standard Cost Per Unit Direct materials Direct labor Variable overhead Standard
Gilder Corporation makes a product with the following standard costs: Standard Price or Rate Standard Cost Per Unit Direct materials Direct labor Variable overhead Standard Quantity or Hours 6.10 grams 0.20 hours 0.20 hours $5.00 per gram $11.00 per hour $ 4.00 per hour $30.50 $ 2.20 $ 0.80 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 Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3.100 units 3,180 units 18,508 grams 21,108 grams 560 hours $99,210 $5,757 $1,594 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 materials price variance for June is: O $6,100 F 0 $6,330 U $6100 U O $6,330 F
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