Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.7 ounces 0.8 hours 0.8 hours Standard Cost Per Unit $34.20

image text in transcribedimage text in transcribed

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.7 ounces 0.8 hours 0.8 hours Standard Cost Per Unit $34.20 $ 8.80 $ 4.80 Standard Price or Rate $ 6.00 per ounce $ 11.00 per hour $ 6.00 per hour Direct materials Direct labor Variable overhead 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 3,900 units 3,500 units 22,500 ounces 20,600 ounces 6,000 hours 42,400 13,900 3,950 $ $ $ 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: 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 $15,300 F $5,249 U a $15,300 U $5,249 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Texts And Cases

Authors: Robert Anthony, David Hawkins, Kenneth A. Merchant

12th Edition

0073100919, 978-0073100913

More Books

Students also viewed these Accounting questions

Question

=+Find and interpret an autoregressive model for the euro prices.

Answered: 1 week ago

Question

=+Show photos of consumers?

Answered: 1 week ago

Question

=+Exhibit children's artwork?

Answered: 1 week ago

Question

=+What kind of product or service would work in these locations?

Answered: 1 week ago