Tharaldson Corporation makes a product with the following standard costs: Direct materials. Direct labor Variable overhead The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The variable overhead rate variance for June is: Multiple Choice O O Standard Quantity or Hours $1,200 F The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. $1,212 U $1,212 F Standard Price or Rate $ 3.00 per ounce $11.00 per hour $5.00 per hour 6.0 ounces 0.3 hours 0.3 hours 3,600 units 3,200 units 21,000 ounces 22,100 ounces 500 hours $ 42,300 $ 13,600 $ 3,700 Standard Cost Per Unit $18.00 $ 3.30 $ 1.50

Tharaldson Corporation makes a product with the following standard costs: Direct materials. Direct labor Variable overhead The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production Purchases of raw materials Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The variable overhead rate variance for June is: Multiple Choice O O Standard Quantity or Hours $1,200 F The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. $1,212 U $1,212 F Standard Price or Rate $ 3.00 per ounce $11.00 per hour $5.00 per hour 6.0 ounces 0.3 hours 0.3 hours 3,600 units 3,200 units 21,000 ounces 22,100 ounces 500 hours $ 42,300 $ 13,600 $ 3,700 Standard Cost Per Unit $18.00 $ 3.30 $ 1.50

Name: Tharaldson Corporation makes a product with the following standard co
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Description: Tharaldson Corporation makes a product with the following standard costs.Direct materials.Direct laborVariable overheadThe variable overhead rate variance for June is:The company reported the following results concerning this product in June.Origina

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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