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Snuggs Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor..... Variable overhead Standard Quantity or Hours Standard Price or Rate
Snuggs Corporation makes a product with the following standard costs: Inputs Direct materials Direct labor..... Variable overhead Standard Quantity or Hours Standard Price or Rate 2.8 ounces 56.00 per ounce 0.3 hours $24.00 per hour 0.3 hours $4.00 per hour The company reported the following results concerning this product in October Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct laborate Actual variable overhead rate 1,100 units 2,790 ounces 350 hours 3,100 ounces 56.20 per Ounce $25.50 per hour S4.10 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 materials quantity variance for October is: Select one: O a $1,798 U b. $1,798 F O c. $1,740 F 0 . $1,740 U
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