accounting help 409671
| Hurren Corporation makes a product with the following standard costs: |
| Inputs | Standard Quantity or Hours | Standard Price or Rate | Standard Cost PerUnit |
| Direct materials | 3.1 grams | $5.00 per gram | $15.50 |
| Direct labor | 0.6 hours | $14.00 per hour | $8.40 |
| Variable overhead | 0.6 hours | $5.00 per hour | $3.00 |
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| The company reported the following results concerning this product in June. |
| Originallybudgetedoutput | 8,800 | units |
| Actual output | 8,700 | units |
| Raw materials used in production | 26,000 | grams |
| Actual direct labor hours | 3,200 | hours |
| Purchases of raw materials | 30,500 | grams |
| Actual price of raw materials purchased | $5.10 | per gram |
| Actual direct labor rate | $14.90 | per hour |
| Actual variable overhead rate | $4.70 | 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 materials quantity variance for June is: |
rev: 03_02_2012
| $4,850 F | |
| $4,850 U | |
| $4,947 F | |
| $4,947 U |
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