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Tharaldson Corporation makes a product with the following standard cost Standard Cost Por Standard Quantity or Hours 5.1 ounces 2.2 hours 2.2 hours Direct materials
Tharaldson Corporation makes a product with the following standard cost Standard Cost Por Standard Quantity or Hours 5.1 ounces 2.2 hours 2.2 hours Direct materials Direct labor Variable overhead Standard Price or Rate $ 2.00 per ounce $ 12.00 per hour $ 6.00 per hour $ 12.20 $ 2.40 $ 1.20 The company reported the following results concerning this product in June Originally budgeted output 3,500 units Actual output 3,000 units Raw materials used in production 20, see ounces Purchases of raw materials 22,200 ounces Actual direct labor-hours 49 hours Actual cost of raw materials purchases $ 42,200 Actual direct labor cost $ 13,500 Actual variable overhead cost $ 3,650 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 rate variance for June
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