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Kibodeaux Corporation makes a product with the following standard costs Standard Price or Standard Cost Quortity Rate Per Unit Direct lobor The company budgeted for
Kibodeaux Corporation makes a product with the following standard costs Standard Price or Standard Cost Quortity Rate Per Unit Direct lobor The company budgeted for production of 4,400 units in June, but actual production wes 4,500 unts The company used 34 650 iters of direct material and 420 direct labor hours so produce tha The company purchased 36650 liters of the direct moterial ot $4 90 per liter: The actual direct lobor rate was $3470 per hour and the actusl variable overheed rote was 12 80 per hou The compary opplies variable overhead on the basis of direct labor-hours The drect materials purchases vaance is computed when the materiais are purchased The materials quentity varnance for June i O $780U o $2.250 O $2.250F O $780 F
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