Kartman Corporation makes a product with the following standard costs: In Junethe company's budgeted production was 3, 400 units bot the actual productionwas 3,500 units. The company used 22, 150 pounds of the direct material and2,290 direct labor hours to produce this outpot. During the month, the companypurchased 25, 400 pounds of the direct material at a cost of $170, 180. Thesctubi direct lobor cost was $57,021 and the actual variable overhead cost was $8,931. The company applies variable overhesid on the basis of directlaborthours. The direct materials purchases variance is computed when thematerials are purchased. The materials quaritily variance for June is:

Name: Kartman Corporation makes a product with the following standard costs
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Description: Kartman Corporation makes a product with the following standard costs: In Junethe company's budgeted production was 3, 400 units bot the actual productionwas 3,500 units. The company used 22, 150 pounds of the direct material and2,290 direct labor h

Standard costing means the standard is set for various cost elements and actual cost is then…

Answered: laborthours. The direct materials…

Business

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laborthours. The direct materials purchases variance is computed when th materials are purchased. The materials quaritily variance for June is:

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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