Answered step by step
Verified Expert Solution
Question
1 Approved Answer
thank you Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.9 ounces 0.4
thank you
Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 5.9 ounces 0.4 hours 0.4 hours Standard Price or Rate $ 2.00 per ounce $ 10.00 per hour $ 4.00 per hour Standard Cost Per Unit $ 11.89 $ 4.00 $ 1.60 The company reported the following results concerning this product in June Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 3,700 units 3,300 units 20,900 ounces 22,000 ounces 510 hours $ 42,400 $ 13,700 $ 3,850 The company applies vantable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the matenals are purchased The labor rate variance for June isStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started