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  3. majer corporation makes a product with the followi

Majer Corporation makes a product with the following standard costs; Standard Quantity or Hours 6.3...

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Accounting

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Majer Corporation makes a product with the following standard costs; Standard Quantity or Hours 6.3 ounces Direct materials Direct labor Variable overhead Standard Price or Rate $ 2.00 per ounce $ 18.00 per hour $ 2.00 per hour Standard Cost Per Unit $ 12.60 $10.80 $ 1.20 0.6 hours 8.6 hours 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 4,800 units 5,100 units 30,308 ounces 2, e9e hours 32,700 ounces $.77.10 per ounce $.67.50 per hour $ 1.70 per hour The company applies variable overhead on the basis of direct labor hours. The direct materials purchases variance is computed when the material are purchased, The variable overhead tate variance for February Multiple Choice

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