Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hurren Corporation makes a product with the following standard costs: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials

Hurren Corporation makes a product with the following standard costs: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.7 grams $2.00 per gram $9.40 Direct labor 1.0 hours $12.00 per hour $12.00 Variable overhead 1.0 hours $7.00 per hour $7.00 The company reported the following results concerning this product in June. Originally budgeted output 6,900 units Actual output 6,800 units Raw materials used in production 28,410 grams Actual direct labor-hours 4,800 hours Purchases of raw materials 32,100 grams Actual price of raw materials purchased $2.10 per gram Actual direct labor rate $12.90 per hour Actual variable overhead rate $6.70 per hour. The materials variance quantity for june is?

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

Strategic Audits For Continuous Business Improvement

Authors: Parbatee Chang

2nd Edition

1507679483, 978-1507679487

More Books

Students also viewed these Accounting questions

Question

Describe new developments in the design of pay structures. page 475

Answered: 1 week ago