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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6
Tharaldson Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials ounces $ per ounce $
Direct labor hours $ per hour $
Variable overhead hours $ per hour $
The company reported the following results concerning this product in June.
Originally budgeted output units
Actual output units
Raw materials used in production ounces
Purchases of raw materials ounces
Actual direct laborhours hours
Actual cost of raw materials purchases $
Actual direct labor cost $
Actual variable overhead cost $
The company applies variable overhead on the basis of direct laborhours. The direct materials purchases variance is computed when the materials are purchased.
The materials price variance for June is
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