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 3.9 grams $9.00 per gram $35.10 Direct labor 1.4 hours $14.00 per hour $19.60 Variable overhead 1.4 hours $9.00 per hour 12.60 The company reported the following results concerning this product in June. Originally budgeted output 7,400 units Actual output 7,300 units Raw materials used in production 28,330 grams Actual direct labor-hours 4,000 hours Purchases of raw materials 31,300 grams Actual price of raw materials purchased $9.10 per gram Actual direct labor rate $14.90 per hour Actual variable overhead rate $8.70 per hour. The materials price variance for june is?
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