Question
In: Accounting
Tharaldson Corporation makes a product with the following standard costs: Standard Standard Quantity or Standard Price...
Tharaldson Corporation makes a product with the following standard costs:
| Standard Quantity or Hours | Standard price or Rate | Standard Cost PerUnit | |
|---|---|---|---|
| Direct materials | 7.3 ounces | $3.00 per ounce | $21.90 |
| Direct labor | 0.2 hours | $17.00 per hour | $3.40 |
| Variable overhead | 0.2 hours | $6.00 per hour | $1.20 |
The company reported the following results concerning this product in June.
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 labor rate variance for June is:
Tharaldson Corporation makes a product with the following standard costs:
| Standard Quantity or Hours | Standard price or Rate | Standard Cost PerUnit | |
|---|---|---|---|
| Direct materials | 7.5 ounces | $3.00 per ounce | $22.50 |
| Direct labor | 0.4 hours | $19.00 per hour | $7.60 |
| Variable overhead | 0.4 hours | $6.00 per hour | $2.40 |
The company reported the following results concerning this product in June.
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 variable overhead rate variance for June is:
Solutions
ekkarill92 answered 3 years agoRelated Solutions
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs:
Standard Quantity or Hours
Standard Price or Rate
Standard Cost Per Unit
Direct materials
7.2
ounces
$
2.00
per ounce
$
14.40
Direct labor
0.3
hours
$
16.00
per hour
$
4.80
Variable overhead
0.3
hours
$
5.00
per hour
$
1.50
The company reported the following results concerning this
product in June.
Originally budgeted output
2,600
units
Actual output
2,200
units
Raw materials used in production
20,400
ounces
Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs:
Standard Quantity or
Hours
Standard Price or
Rate
Standard Cost Per
Unit
Direct materials
6.5
ounces
$
2.00
per
ounce
$
13.00
Direct labor
0.2
hours
$
23.00
per hour
$
4.60
Variable overhead
0.2
hours
$
6.00
per hour
$
1.20
The company reported the following results concerning this
product in June.
Originally
budgeted output
2,700
units
Actual
output
2,800
units
Raw materials
used in production
19,380
ounces
Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs:
Standard Quantity or Hours
Standard Price or Rate
Standard Cost Per Unit
Direct materials
5.5
ounces
$
2.00
per ounce
$
11.00
Direct labor
0.4
hours
$
11.00
per hour
$
4.40
Variable overhead
0.4
hours
$
8.00
per hour
$
3.20
The company reported the following results concerning this
product in June.
Originally budgeted output
4,100
units
Actual output
4,100
units
Raw materials used in production
20,500
ounces
Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs:
Standard Quantity or Hours
Standard Price or Rate
Standard Cost Per Unit
Direct materials
6.8
ounces
$
4.00
per ounce
$
27.20
Direct labor
0.5
hours
$
12.00
per hour
$
6.00
Variable overhead
0.5
hours
$
7.00
per hour
$
3.50
The company reported the following results concerning this
product in June.
Originally budgeted output
2,200
units
Actual output
2,700
units
Raw materials used in production
16,900
ounces
Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs: Standard Quantity or Hours Standard Price or Rate
Standard Cost Per Unit Direct materials 7.7 ounces $ 2.00 per ounce
$ 15.40 Direct labor 0.2 hours $ 11.00 per hour $ 2.20 Variable
overhead 0.2 hours $ 4.00 per hour $ .80 The company reported the
following results concerning this product in June. Originally
budgeted output 3,100 units Actual output 2,500 units Raw materials
used in production 22,300 ounces Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs:
Standard Quantity or Hours Standard Price or Rate Standard
Cost Per Unit
Direct materials 6.6 ounces $ 3.00 per ounce $ 19.80
Direct labor 0.8 hours $ 10.00 per hour $ 8.00
Variable overhead 0.8 hours $ 5.00 per hour $ 4.00
The company reported the following results concerning this
product in June.
Originally budgeted output 2,000 units
Actual output 2,500 units
Raw materials used in production 13,900 ounces
Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs: Standard Quantity or Hours Standard Price or Rate
Standard Cost Per Unit Direct materials 5.5 ounces $ 2.00 per ounce
$ 11.00 Direct labor 0.4 hours $ 11.00 per hour $ 4.40 Variable
overhead 0.4 hours $ 8.00 per hour $ 3.20 The company reported the
following results concerning this product in June. Originally
budgeted output 4,100 units Actual output 4,100 units Raw materials
used in production 20,500 ounces Purchases...
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Tharaldson Corporation makes a product with the following
standard costs:
Standard Quantity or
Hours
Standard Price or
Rate
Standard Cost Per
Unit
Direct materials
6.4
ounces
$
3.00
per ounce
$
19.20
Direct labor
0.3
hours
$
10.00
per hour
$
3.00
Variable overhead
0.3
hours
$
5.00
per hour
$
1.50
The company reported the following results concerning this
product in June.
Originally budgeted output
3,200
units
Actual output
2,600
units
Raw materials used in
production
20,200
ounces
Purchases...
Requirement: 1 Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours...
Requirement: 1
Tharaldson Corporation makes a product with the following
standard costs:
Standard Quantity or
Hours
Standard Price or
Rate
Standard Cost Per
Unit
Direct materials
5.7
ounces
$
2.00
per ounce
$
11.40
Direct labor
0.2
hours
$
11.00
per hour
$
2.20
Variable overhead
0.2
hours
$
6.00
per hour
$
1.20
The company reported the following results concerning this
product in June.
Originally budgeted output
3,900
units
Actual output
3,500
units
Raw materials used in
production
20,700...
Tharaldson Corporation makes a product with the following standard costs:
Tharaldson Corporation makes a product with the following standard costs:
Standard
Standard
Quantity or
Standard Price or
Cost Per
Hours
Rate
Unit
Direct materials
5.7 ounces
$2.00 per ounce
$11.40
Direct labor
0.8 hours
$11.00 per hour
$8.80
Variable overhead
0.8 hours
$6.00 per hour
$4.80
The company reported the following results concerning this product in June.
Originally budgeted output
3,900 units
Actual output
3,500 units
Raw materials used in production
20,700 ounces
Purchases of raw...
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