Majer Corporation Makes A Product With The Following Standard Costs Standard Quantity Or Hours 6 4 Ounces 0 6 Hours 0 6 1 (28.63 KiB) Viewed 49 times
Majer Corporation Makes A Product With The Following Standard Costs Standard Quantity Or Hours 6 4 Ounces 0 6 Hours 0 6 2 (12.79 KiB) Viewed 49 times
Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours 6.4 ounces 0.6 hours 0.6 hours Direct materials Direct labor Variable overhead Standard Cost Per Unit $ 12.80 $ 6.60 $ 2.40 Standard Price or Rate $ 2.00 per ounce $ 11.00 per hour $ 4.00 per hour The company reported the following results concerning this product in February Originally budgeted output Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials Actual direct labor rate Actual variable overhead rate 5,000 units 5, 100 units 30, 100 ounces 1,910 hours 32,500 ounces $ 22.90 per ounce $ 32.40 per hour $ 3.20 per hour The company applies variable overhead on the basis of direct labor hours. The direct materiais purchases variance is computed when the materials are purchased The variable overhead rate variance for February is:
Multiple Choice $1,528 F $1,533 F $1,533 U 3 $1,528 U
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