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Gilder Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.4 grams 0.9 hours 0.9
Gilder Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.4 grams 0.9 hours 0.9 hours Standard Price or Rate $8.00 per gram $19.00 per hour $8.00 per hour Standard Cost Per Unit $43 20 $17.10 $7.20 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 5,600 5,500 28.480 32.800 4.700 $265,680 $93.530 $36.190 units units grams grams hours 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 efficiency variance for June is. 0 $ $2,000 U 0 $2,000 F $1,925 U O $1,925 F
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