Bulluck Corporation makes a product with the following standard costs: Standard...
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Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 5.50 grams $ 3.00 per gram Direct labor 0.60 hours $ 31.00 per hour Variable overhead 0.60 hours $ 4.00 per hour The company reported the following results concerning this product in July. Actual output 5,000 units Raw materials used in production 13,370 grams Actual direct labor-hours 2,780 hours Purchases of raw materials 14,100 grams Actual price of raw materials purchased $ 3.20 per gram Actual direct labor rate $ 13.40 per hour Actual variable overhead rate $ 4.10 per hour 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 variable overhead efficiency variance for July is:
Bulluck Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate
Direct materials 5.50 grams $ 3.00 per gram
Direct labor 0.60 hours $ 31.00 per hour
Variable overhead 0.60 hours $ 4.00 per hour
The company reported the following results concerning this product in July.
Actual output 5,000 units
Raw materials used in production 13,370 grams
Actual direct labor-hours 2,780 hours
Purchases of raw materials 14,100 grams
Actual price of raw materials purchased $ 3.20 per gram
Actual direct labor rate $ 13.40 per hour
Actual variable overhead rate $ 4.10 per hour
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 variable overhead efficiency variance for July is:
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