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Hurren Corporation makes a product with the following standard costs: Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost PerUnit Direct materials 3.5
Hurren Corporation makes a product with the following standard costs: |
Inputs | Standard Quantity or Hours | Standard Price or Rate | Standard Cost PerUnit |
Direct materials | 3.5 grams | $7.00 per gram | $24.50 |
Direct labor | 0.7 hours | $10.00 per hour | $7.00 |
Variable overhead | 0.7 hours | $7.00 per hour | $4.90 |
The company reported the following results concerning this product in June. |
Originallybudgetedoutput | 8,400 | units |
Actual output | 8,300 | units |
Raw materials used in production | 28,290 | grams |
Actual direct labor-hours | 5,500 | hours |
Purchases of raw materials | 30,900 | grams |
Actual price of raw materials purchased | $7.10 | per gram |
Actual direct labor rate | $10.90 | per hour |
Actual variable overhead rate | $6.70 | per hour |
The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. |
The labor rate variance for June is:(Round your intermediate calculations to 2 decimal places.) |
Hurren Corporation makes a product with the following standard costs: |
Inputs | Standard Quantity or Hours | Standard Price or Rate | Standard Cost PerUnit |
Direct materials | 3.6 grams | $6.00 per gram | $21.60 |
Direct labor | 0.8 hours | $11.00 per hour | $8.80 |
Variable overhead | 0.8 hours | $6.00 per hour | $4.80 |
The company reported the following results concerning this product in June. |
Originallybudgetedoutput | 8,100 | units |
Actual output | 8,000 | units |
Raw materials used in production | 28,300 | grams |
Actual direct labor-hours | 6,000 | hours |
Purchases of raw materials | 31,000 | grams |
Actual price of raw materials purchased | $6.10 | per gram |
Actual direct labor rate | $11.90 | per hour |
Actual variable overhead rate | $5.70 | per hour |
The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased. |
The variable overhead rate variance for June is:(Round your intermediate calculations to 2 decimal places.) |
$1,800 F | |
$1,920 F | |
$1,920 U | |
$1,800 U |
$5,229 F | |
$5,229 U | |
$4,950 F | |
$4,950 U |
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