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Please help, URGENT Majer Corporation makes a product with the following standard costs: Standard Standard Quantity Standard Price or Cost Per or Hours Rate Unit
Please help, URGENT
Majer Corporation makes a product with the following standard costs: Standard Standard Quantity Standard Price or Cost Per or Hours Rate Unit Direct materials 3.0 ounces :5 11.50 per ounce $34.50 Direct labor 0.3 hours 55 17.50 per hour $14.I0 Variable overhead 0.8hours $10.00 per hour $ 8.00 l The company reported the following results concerning this product in February. Originally budgeted output 10,800 units Actual output 1|,600 units Raw materials used in production 31,320 ounces Actual direct laborhours 3,680 hours Purchases of raw materials 32,920 ounces . . per Actual price of raw materials $ 11.25 ounce Actual direct labor rate $ 18.00 per hour Actual variable overhead rate $ 9.50 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 materials price variance for February is: Multiple Choice $13,350 U $13,350 F $8,230 F $8,230 U 0000Step by Step Solution
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