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I have tried to answer these two, but I couldn't figure them out, I need help, thank you. Bulluck Corporation makes a product with the
I have tried to answer these two, but I couldn't figure them out, I need help, thank you.
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours 3.5 grams 0.7 hours 0.7 hours Standard Price or Rate s 1.00 per gram $11.00 per hour s 2.00 per hour Direct materials Direct labor Variable overhead The company reported the following results concerning this product in July 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 3,000 units 11,370 grams 1,910 hours 12,100 grams s 1.20 per gram 11.40 per hour $ 2.10 per hour 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 labor rate variance for July is: Multiple Choice $764 F $764 U $840 U $840 F Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 5.7 liters 0.70 hours 0.70 hours Standard Price or Rate $ 5.40 per liter $20.60 per hour 5.50 per hour The company has reported the following actual results for the product for December: Actual output Raw materials purchased Actual price of raw materials Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor rate Actual direct labor cost Actual variable overhead rate Actual variable overhead cost 4,100 units 25,100 1iters 4.80 per liter $120,480 23,360 liters 2,700 hours 21.20 per hour s57,240 $5.90 per hour 15,938 The variable overhead efficiency variance for the month is closest to Multiple Choice $1,003 U $935 U $1,003 F $935 FStep by Step Solution
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