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Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price Cost Per Unit Hours or Rate S 3.00 per
Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price Cost Per Unit Hours or Rate S 3.00 per Direct materials 6.0 $18.00 ounces ounce Direct labor 0.3 hours $11.00 per hour $3.30 Variable overhead 0.3 hours $ 9.00 per hour 2.70 The company reported the folowing results concerning this product in June. Oriqinally budgeted output Actual output Ra materials used in production 3,600 units 3,200 units 21,000 ounces Purchases of raw materials 22,100 ounces Actual direct labor-hours 500 hours ctual cost of ra materials purchases $42,300 $13,600 Actual direct labor cost Actual variable overhead cost 3,800 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 variable overhead efficiency variance for June is Multiple Choice $4,140 F $4,278 F $4,140 U $4.278 U
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