accounting 409665
Aug 29, 2021 | Uncategorized
| Hurren Corporation makes a product with the following standard costs: |
| Inputs |
Standard Quantity or Hours |
Standard Price or Rate |
Standard Cost PerUnit |
| Direct materials |
3.5 grams |
$7.00 per gram |
$24.50 |
| Direct labor |
0.7 hours |
$10.00 per hour |
$7.00 |
| Variable overhead |
0.7 hours |
$7.00 per hour |
$4.90 |
| The company reported the following results concerning this product in June. |
| Originallybudgetedoutput |
8,400 |
units |
| Actual output |
8,300 |
units |
| Raw materials used in production |
28,290 |
grams |
| Actual direct labor hours |
5,500 |
hours |
| Purchases of raw materials |
30,900 |
grams |
| Actual price of raw materials purchased |
$7.10 |
per gram |
| Actual direct labor rate |
$10.90 |
per hour |
| Actual variable overhead rate |
$6.70 |
per hour |
|
The company applies variable overhead on the basis of direct labor hours. The direct materials price variance is computed when the materials are purchased.
|
| The labor rate variance for June is:(Round your intermediate calculations to 2 decimal places.) |
| Hurren Corporation makes a product with the following standard costs: |
| Inputs |
Standard Quantity or Hours |
Standard Price or Rate |
Standard Cost PerUnit |
| Direct materials |
3.6 grams |
$6.00 per gram |
$21.60 |
| 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. |
| Originallybudgetedoutput |
8,100 |
units |
| Actual output |
8,000 |
units |
| Raw materials used in production |
28,300 |
grams |
| Actual direct labor hours |
6,000 |
hours |
| Purchases of raw materials |
31,000 |
grams |
| Actual price of raw materials purchased |
$6.10 |
per gram |
| Actual direct labor rate |
$11.90 |
per hour |
| Actual variable overhead rate |
$5.70 |
per hour |
|
The company applies variable overhead on the basis of direct labor hours. The direct materials price variance is computed when the materials are purchased.
|
| The variable overhead rate variance for June is:(Round your intermediate calculations to 2 decimal places.) |
|
$1,800 F |
|
$1,920 F |
|
$1,920 U |
|
$1,800 U |
|
$5,229 F |
|
$5,229 U |
|
$4,950 F |
|
$4,950 U
|
