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Tharaldson Corporation makes a product with the following standard costs


Tharaldson Corporation makes a product with the following standard costs:


Standard Quantity or HoursStandard Price or RateStandard Cost Per Unit
Direct materials
7.5ounces$3.00per ounce$22.50
Direct labor
0.4hours$19.00per hour$7.60
Variable overhead
0.4hours$6.00per hour$2.40


The company reported the following results concerning this product in June.





Originally budgeted output
2,900units
Actual output
3,000units
Raw materials used in production
19,500ounces
Purchases of raw materials
21,800ounces
Actual direct labor-hours
460hours
Actual cost of raw materials purchases$42,300
Actual direct labor cost$12,900
Actual variable overhead cost$3,350

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 price variance for June is:

The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed


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ekkarill92 answered 2 years ago
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