Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. tharaldson corporation makes a product with the fo

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.7...

70.2K

Verified Solution

Question

Accounting

imageimage

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.7 ounces 0.8 hours 0.8 hours Standard Cost Per Unit $34.20 $ 8.80 $ 4.80 Standard Price or Rate $ 6.00 per ounce $ 11.00 per hour $ 6.00 per hour Direct materials Direct labor Variable overhead The 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 3,900 units 3,500 units 22,500 ounces 20,600 ounces 6,000 hours 42,400 13,900 3,950 $ $ $ 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: 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 $15,300 F $5,249 U a $15,300 U $5,249 F

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