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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 Direct materials 7.7
Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price Cost Per Unit Hours or Rate Direct materials 7.7 $ 4.00 per $30.80 ounces ounce Direct 1abor 0.8 hours $11.00 per hour $ 8.80 4.00 per hour Variable overhead 0.8 hours $3.20 The company reported the following results concerning this product in June. Originally budgeted output. Actual output 3,100 units 2,500 units Raw materials used in production 20,500 ounces Purchases of raw materials 22,600 ounces Actual direct labor-hours 3,600 hours ctual cost of ra materials purchases $41,600 $13,100 S 3,550 Actual direct 1abor cost Actual variable overhead cost The company applies variable overhead on the basis of direct labor-hours. The direct materlals purchases variance is computed when the materials are purchased. The materials quantity varlance for June is: Multiple Choice $2,301 F $5,000 F $2.301 U $5.000 U
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