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  3. haraldson corporation makes a product with the fol

haraldson Corporation makes a product with the following standard costs Standard Standard Quantity or Standard...

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Accounting

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haraldson Corporation makes a product with the following standard costs Standard Standard Quantity or Standard Price or Cost Per Hours Rate Unit Direct materials 5.4 ounces $ 3.00 per ounce $16.20 Direct labor 0.7 hours $12.00 per hour $ 8.40 Variable overhead 0.7 hours $ 9.00 per hour $ 6.30 he company reported the following results concerning this product 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 4,200 units 4,200 units 24,000 ounces 20, 300 ounces 5,300 hours $ 42,700 $14,200 $ 4,100 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 materials quantity variance for June is: Multiple Choice O $2,777 F $3.960 U $3.960 F $2,777 U

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