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Question 18 Tharaldson Corporation makes a product with the following standard cost Standard Quantity of Hours Standard Price Standard Co. Per Direct materials 53 Ounces $200 urte $ 2.0 Direct labor 0.2 hours $1400 per bout $ 280 hours Variable overhead 0.2 $400 per hour 50 The company reported the following results concerning this product in re Originally budgeted output 4300 units Actual output 4100 units Raw materials used in production 20,900 ounces Purchases of raw materials 22.000 ounces Actual direct labor-hours 570 hours Actual cost of raw materials purchases $39.400 $14.300 $4150 Actual direct labor cost Actual variable overhead cost The company applies variable overhead on the basis of direct labor hours. The direct cateva parte the materials are purchased. w The company reported the following results concerning this Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours 4300 units 4100 units 20,900 22.000nces 570 hours Actual cost of raw materials purchases $39.400 Actual direct labor cost $14300 Actual variable overhead cost $4150 The company applies variable overhead on the basis of direct labor-hows The Great material parchen utente when the materials are purchased. The labor efficiency variance for June is: $3.500 F $4,0600 $4,060 F $3,500 U

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