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Question 11 of 12 Bergnaum Inc makes a product with the following standard costs: 0/0 points earned Standard Quantity or Standard Price or Standard
Question 11 of 12 Bergnaum Inc makes a product with the following standard costs: 0/0 points earned Standard Quantity or Standard Price or Standard Cost Per Total Cost Hours Rate Unit Direct 6.9 ounces $4.00 per ounce $27.60 materials Direct labor 1.4 hours $ 17.00 per hour $23.80 Variable 1.6 hours $ 3.00 per hour $ 4.80 overhead Bergnaum Inc reported the following results concerning this product in April. Originally budgeted output Actual output 5,180 units 6,170 units Raw materials used in production 33,900 ounces Actual direct labor-hours Purchases of raw materials 1,860 hours 36,000 ounces Actual price of raw materials Actual direct labor rate Actual variable overhead rate $ 57.10 per ounce $49.00 per hour $ 6.00 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. The materials quantity variance for April is: Answer: $34,692 F Please explain answer using detailed formulas for how the answer is obtained.
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