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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.3 ounces 0.7 hours 0.7 hours Direct materials Direct labor Variable

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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.3 ounces 0.7 hours 0.7 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $43.80 $11.90 $ 4.20 Standard Price or Rate $ 6.00 per ounce $ 17.00 per hour $ 6.00 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 2,700 units 2,300 units 18,500 ounces 22,200 ounces 3,800 hours 41,200 12,700 3,350 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 materials quantity variance for June is: Multiple Choice $10.260 F $3,174 U $10.260 U $3174 F

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