Help Save & Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price or Cost Per Hours Rate Unit
Help Save & Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price or Cost Per Hours Rate Unit Direct materials 7.5 ounces $ 3.00 per ounce $22.50 Direct labor 0. 4 hours $ 19. 00 per hour $ 7. 60 Variable overhead 0 . 4 hours $ 8. 00 per hour $ 3.20 The company reported the following results concerning this product in June. Originally budgeted output 2, 900 units Actual output 3, 000 units Raw materials used in production 20, 700 ounces Purchases of raw materials 21, 800 ounces Actual direct labor-hours 500 hours Actual cost of raw materials purchases 42, 300 Actual direct labor cost 12, 900 Actual variable overhead cost 3 , 450 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the mate purchased. The variable overhead efficiency variance for June is: Multiple Choice
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