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Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.9 grams $3.00 per gram $14.70 Direct labor 0.6 hours $16.00
Standard Quantity or Hours | Standard Price or Rate | Standard Cost Per Unit | |
Direct materials | 4.9 grams | $3.00 per gram | $14.70 |
Direct labor | 0.6 hours | $16.00 per hour | $9.60 |
Variable overhead | 0.6 hours | $3.00 per hour | $1.80 |
The company reported the following results concerning this product in November. |
Originally budgeted output | 8,500 | units |
Actual output | 8,600 | units |
Raw materials used in production | 44,690 | grams |
Purchases of raw materials | 47,180 | grams |
Actual direct labor-hours | 7,750 | hours |
Actual cost of raw materials purchases | $132,320 | |
Actual direct labor cost | $125,013 | |
Actual variable overhead cost | $21,786 |
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 variable overhead efficiency variance for November is:??? |
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