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Tharaldson Corporation makes a product with the following standard costs Standard Standard Quantity or Standard Price or Cost Per Hours 7.5 ounces 0.9 hours 0.9
Tharaldson Corporation makes a product with the following standard costs Standard Standard Quantity or Standard Price or Cost Per Hours 7.5 ounces 0.9 hours 0.9 hours Rate Unit Direct materials Direct labor Variable overhead $19.00 per hour $ 8.00 per hour 8.00 per ounce $60.00 $17.10 $ 7.20 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 2,900 units 2,500 units 19,500 ounces 22,400 ounces 4,700 hours $ 41,400 $ 12,900 $ 3,450 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
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