Doogan Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Hours Rate Direct materials 9.0 grams e.4 hours $ 3.60 per gram $36.00 per hour $ 8.60 per hour Direct labor Variable overhead e.4 hours The company produced 6,800 units in January using 40.910 grams of direct material and 2.540 direct labor-hours. During the month, the company purchased 46,000 grams of the direct material at $3.30 per gram. The actual direct labor rate was $35.30 per hour and the actual variable overhead rate was $8.40 per hour. The company applies varlable overhead on the basis of direct labor-hours. The direct materials purchases varlance is computed when the materials are purchased. The varlable overhead rate varlance for January is:

Doogan Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Hours Rate Direct materials 9.0 grams e.4 hours $ 3.60 per gram $36.00 per hour $ 8.60 per hour Direct labor Variable overhead e.4 hours The company produced 6,800 units in January using 40.910 grams of direct material and 2.540 direct labor-hours. During the month, the company purchased 46,000 grams of the direct material at $3.30 per gram. The actual direct labor rate was $35.30 per hour and the actual variable overhead rate was $8.40 per hour. The company applies varlable overhead on the basis of direct labor-hours. The direct materials purchases varlance is computed when the materials are purchased. The varlable overhead rate varlance for January is:

Name: Doogan Corporation makes a product with the following standard costs:
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Description: Doogan Corporation makes a product with the following standard costs:StandardQuantity orStandard Price orHoursRateDirect materialsDirect laborVariable overhead9.0 gramse.4 hours$ 3.60 per gram$36.00 per hour$ 8.60 per houre.4 hoursThe company produc

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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