Doogan Corporation makes a product with the following standard costs: Direct materials. Direct labor Variable overhead Standard Quantity or Hours 7.6 grams 0.6 hours 0.6 hours The variable overhead rate variance for January is: Standard Price or Rate $ 2.20 per gram $ 22.00 per hour $ 7.20 per hour The company produced 5,400 units in January using 39,510 grams of direct material and 2,400 direct labor-hours. During the month, the company purchased 44,600 grams of the direct material at $1.90 per gram. The actual direct labor rate was $21.30 per hour and the actual variable overhead rate was $7.00 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

Doogan Corporation makes a product with the following standard costs: Direct materials. Direct labor Variable overhead Standard Quantity or Hours 7.6 grams 0.6 hours 0.6 hours The variable overhead rate variance for January is: Standard Price or Rate $ 2.20 per gram $ 22.00 per hour $ 7.20 per hour The company produced 5,400 units in January using 39,510 grams of direct material and 2,400 direct labor-hours. During the month, the company purchased 44,600 grams of the direct material at $1.90 per gram. The actual direct labor rate was $21.30 per hour and the actual variable overhead rate was $7.00 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

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Description: Please do not give solution in image format thanku Doogan Corporation makes a product with the following standard costs:Direct materialsDirect laborVariable overheadStandardQuantity orHours7.6 grams0.6 hours0.6 hoursThe variable overhead rate varianc

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 4PA: April Industries employs a standard costing system in the manufacturing of its sole product, a park...

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