Multiple choice answers:

$390 F

$400 U

$400 F

$390 U

Bulluck Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.40 grams 0.50 hours 0.50 hours Standard Price or Rate $ 2.90 per gram $ 30.00 per hour $ 3.90 per hour 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 4,900 units 13,270 grams 2,350 hours 14,000 grams $ 3.10 per gram $ 13.30 per hour $ 4.00 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 v The variable overhead efficiency variance for July is