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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.5 ounces 8.9 hours 8.9 hours Standard Standard Price or Cost
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 7.5 ounces 8.9 hours 8.9 hours Standard Standard Price or Cost Per Rate $8.80 per ounce 19.80 per hour $8.80 per hour Unit Direct materials Direct labor Variable overhead $68.8e $17.18 $ 7.28 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 2,98 units 2,580 units 19,58e ounces 22,480 ounces 4,780 hours 41,48e $12,980 $ 3,45e The company applies variable overhesd 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 Cholce $6,000 F 51,386 U $6,000 U 1,386 F
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