Question
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?
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