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

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Accounting

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.1 ounces $ 2.00 per ounce $ 12.20 Direct labor 0.2 hours $ 12.00 per hour $ 2.40 Variable overhead 0.2 hours $ 8.00 per hour $ 1.60 The company reported the following results concerning this product in June. Originally budgeted output 3,500 units Actual output 3,000 units Raw materials used in production 20,500 ounces Purchases of raw

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