Theraidson Corporation makes a product with the following standard costs 37 2. Direct materials Direct labor Variable overhead Standard Standard Quantity or standard Price or cost per Tours Rate Unit 1.6 ounces 3.4.00 per ounce $30.40 0.7 hours $10.00 per hour $ 7.00 0:7 hours $9.00 per hour $6.30 The company reported the following results concerning this produd 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 3,000 units 2,600 usita 20,000 ounces 22.500 ounces 3,500 hours $41.500 $13,000 $ 3.500 The company applies varebe overhead on the of red labor hours. The direct materials purchases variance is computed when the materials are The may variance Tones Theraidson Corporation makes a product with the following standard costs 37 2. Direct materials Direct labor Variable overhead Standard Standard Quantity or standard Price or cost per Tours Rate Unit 1.6 ounces 3.4.00 per ounce $30.40 0.7 hours $10.00 per hour $ 7.00 0:7 hours $9.00 per hour $6.30 The company reported the following results concerning this produd 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 3,000 units 2,600 usita 20,000 ounces 22.500 ounces 3,500 hours $41.500 $13,000 $ 3.500 The company applies varebe overhead on the of red labor hours. The direct materials purchases variance is computed when the materials are The may variance Tones