Gentile Corporation makes a product with the following standard costs Input Standard Quantity or Hours...

60.1K

Verified Solution

Question

Accounting

image

Gentile Corporation makes a product with the following standard costs Input Standard Quantity or Hours 6.6 kilos 0.8 hours 0.8 hours Standard Price or Rate $5.00 per kilo 14.00 per hour 3.00 per hour Direct labor.... Variable overhead The company produced 6,000 units in May using 36,970 kilos of direct material and 4,340 direct labor-hours. During the month, the company purchased 40,400 kilos of the direct material at $4.70 per kilo. The actual direct labor rate was $13.70 per hour and the actual variable overhead rate was $2.70 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 May is $1,380 F $1,242 F $1,380 U $1,242 U

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students