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Hurren Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Hours Rate Per Unit 3.4 grams $4.00
Hurren Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Hours Rate Per Unit 3.4 grams $4.00 per gram $13.60 Direct materials Direct abor 0.9 hours $11.00 per hour $990 0.9 hours $800 $720 Variable overhead per hour The company reported the following results concerning this product in June. Originally budgeted output 8,500 units Actual output 8,400 units 28.280 grams Raw materials used in production 3500 hours Actual direct labor-hours 30,800 grams Purchases of raw materials $410 per gram Actual price of raw materials purchased $11.90 per hour Actual direct labor rate $770 per hour Actual variable overhead rate The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The materials quantity variance for June is: O $1.120 U O $1.148 F O $1120 F O $1148 U
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