Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead...
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Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 7.0 ounces 0.3 hours 0.3 hours Standard Price or Rate $ 3.00 per ounce $ 14.00 per hour Standard Cost Per Unit $ 21.00 $ 4.20 $9.00 per hour $ 2.70 The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production: 2,400 units 2,900 units 21,000 ounces Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 23,100 ounces 550 hours $ 45,000 $ 12,400. $ 3,200 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 June is: 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 June is: Multiple Choice $2.976 F $2,880 U $2.976 U $2,880 F Tharaldson Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 7.0 ounces 0.3 hours 0.3 hours Standard Price or Rate $ 3.00 per ounce $ 14.00 per hour Standard Cost Per Unit $ 21.00 $ 4.20 $9.00 per hour $ 2.70 The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production: 2,400 units 2,900 units 21,000 ounces Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 23,100 ounces 550 hours $ 45,000 $ 12,400. $ 3,200 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 June is: 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 June is: Multiple Choice $2.976 F $2,880 U $2.976 U $2,880 F
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