Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hurren Corporation makes a product with the following standard costs: Inputs Direct materials... Direct labor.... Variable overhead..... 4.4 grams Standard Quantity Standard Price Standard Cost

image text in transcribed
Hurren Corporation makes a product with the following standard costs: Inputs Direct materials... Direct labor.... Variable overhead..... 4.4 grams Standard Quantity Standard Price Standard Cost or Hours or Rate Per Unit $8.00 per gram $35.20 0.7 hours $19.00 per hour $13.30 0.7 hours $4.00 per hour $2.80 The company reported the following results concerning this product in June. Originally budgeted output Actual output.. Raw materials used in production Actual direct labor-hours Purchases of raw materials. Actual price of raw materials purchased Actual direct labor rate.... Actual variable overhead rate 6,600 units 6,500 units 28,380 grams 4,500 hours 31,800 grams 58.10 per gram $19.90 per hour $3.70 per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials pu when the materials are purchased. The materials quantity variance for June is: O $1,7600 $1.782 F $1.760 F $1,782 0

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

Empirical Studies On Economics Of Innovation Public Economics And Management

Authors: Mehmet Huseyin Bilgin, Hakan Danis, Ender Demir, Ugur Can

1st Edition

3319501631, 9783319501635

More Books

Students also viewed these Accounting questions

Question

Understand the primary objectives of performance appraisals

Answered: 1 week ago