Answer Happy

Tharaldson Corporation makes a product with the following standard costs Standard Quantity or Standard Cost Per Hours Standard Price or Rate Unit Direct materials 7.6 ounces $ 4.00 per ounce $ 30.40 Direct labor 0.5 hours $ 10.ee per hour $ 5.00 Variable overhead 2.5 hours $ 9.00 per hour $4.50 The company reported the following results concering this product in June Originally budgeted output 3,000 units Actual output 3,100 units Raw materials used in production 16,300 ounces Purchases of raw materials 17, 400 ounces Actual direct labor-hours 518 hours Actual cost of raw materials purchases $ 45,000 Actual direct labor cost $ 13,00 Actual variable overhead cost $ 3,500 The company applies variabler overhead on the basis of direct labor hours. The direct materials purchases variance is computed when the materials are purchased
Tharaldson Corporation makes a product with the following standard costs 01 Standard Cost Per Unit $10.60 $ 2.60 $ 80 Standard Quantity or Hours Standard Price or Rate Direct materials 5.3 ounces $ 2.00 per ounce Direct labor 2.2 hours $ 13.00 per hour Variable overhead e. 2 hours $ 4.00 per hour The company reported the following results concerning this product in June Originally budgeted output 4,300 units Actual output 4,3ee units Raw materials used in production 20,908 ounces Purchases of raw materials 22,000 ounces Actual direct labor-hours 570 hours Actu cost of raw materials purchases $ 39,498 Actual direct labor cost $ 14,300 Actual variable overhead cost $ 4,150 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 labor rate variance for June