Majer Corporation makes a product with the following standard costs: Standard Quantity...
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Majer Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials ounces $ per ounce $ Direct labor hours $ per hour $ Variable overhead hours $ per hour $ The company reported the following results concerning this product in February. Originally budgeted output units Actual output units Raw materials used in production ounces Actual direct laborhours hours Purchases of raw materials ounces Actual price of raw materials $ per ounce Actual direct labor rate $ per hour Actual variable overhead rate $ per hour The company applies variable overhead on the basis of direct laborhours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for February is
Majer Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials ounces $ per ounce $
Direct labor hours $ per hour $
Variable overhead hours $ per hour $
The company reported the following results concerning this product in February.
Originally budgeted output units
Actual output units
Raw materials used in production ounces
Actual direct laborhours hours
Purchases of raw materials ounces
Actual price of raw materials $ per ounce
Actual direct labor rate $ per hour
Actual variable overhead rate $ per hour
The company applies variable overhead on the basis of direct laborhours. The direct materials purchases variance is computed when the materials are purchased.
The variable overhead rate variance for February is
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