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The following data are given for Harry Company: Budgeted production 1,013 units Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual
The following data are given for Harry Company: Budgeted production 1,013 units Actual production Materials: Standard price per ounce Standard ounces per completed unit Actual ounces purchased and used in production Actual price paid for materials Labor: Standard hourly labor rate Standard hours allowed per completed unit Actual labor hours worked Actual total labor costs Overhead: Actual and budgeted fixed overhead Standard variable overhead rate Actual variable overhead costs 975 units $1.927 12 12,051 $24,705 $14.48 per hour 4.5 5,021 $81,591 $1,046,000 $24.00 per standard labor hour $140,588 Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.) The direct labor rate variance is Oa. $8,887.17 unfavorable Ob. $8,887.17 favorable Oc. $18,060.00 unfavorable Od. $18,060.00 favorable Myers Corporation has the following data related to direct materials costs for November: actual costs for 4,650 pounds of material at $5.40 and standard costs for 4,450 pounds of material at $6.40 per pound. The direct materials quantity variance is Oa. $1,280 unfavorable Ob. $4,650 favorable Oc. $4,650 unfavorable Od. $1.280 favorable
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