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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Cost Per Standard Rate Unit Direct materials Direct labor

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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Cost Per Standard Rate Unit Direct materials Direct labor Variable overhead Hours 6.1 ounces 0.6 hours 0.6 hours 2.00 per ounce 12.20 $ 7.20 4.80 $12.00 per hour 8.00 per hour 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 3,500 units 3,000 units 21,100 ounces 22,200 ounces 4,100 hours $42,200 $13,500 $ 3,750 The company applies varlable overhead on the basis of direct labor-hours. The direct materlals purchases varlance is computed when the materials are purchased. The materials price varlance for June Is: The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases varlance is computed when the materlals are purchased Multiple Choice $1,998 F $2200 U $2,200 F

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