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

Gilder Corporation makes a product with the following standard costs:
Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
  Direct materials 4.0 grams     $8.00 per gram $32.00           
  Direct labor 0.6 hours     $12.00 per hour $7.20           
  Variable overhead 0.6 hours     $8.00 per hour $4.80           
The company reported the following results concerning this product in June.
  Originally budgeted output 7,300   units
  Actual output 7,200   units
  Raw materials used in production 28,340   grams
  Purchases of raw materials 31,400   grams
  Actual direct labor-hours 4,100   hours
  Actual cost of raw materials purchases $254,340   
  Actual direct labor cost $52,890   
  Actual variable overhead cost $31,570   

  

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:

$1,296 F

$1,230 F

$1,296 U

$1,230 U

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ekkarill92 answered 3 years ago
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