Homework Help is Here – Start Your Trial Now!
Business
Accounting
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 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 efficiency variance for June is: Multiple Choice O 5.2 ounces 0.3 hours 0.3 hours $4,240 U The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead efficiency variance for June is: $4,240 F Standard Price or Rate $ 3.00 per ounce $ 14.00 per hour $ 5.00 per hour O$4,000 F 4,400 units 4,600 units 20,800 ounces 21,900 ounces 580 hours $ 39,500 $ 14,400 $ 4,200 Standard Cost Per Unit $ 15.60 $ 4.20 $ 1.50

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 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 efficiency variance for June is: Multiple Choice O 5.2 ounces 0.3 hours 0.3 hours $4,240 U The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead efficiency variance for June is: $4,240 F Standard Price or Rate $ 3.00 per ounce $ 14.00 per hour $ 5.00 per hour O$4,000 F 4,400 units 4,600 units 20,800 ounces 21,900 ounces 580 hours $ 39,500 $ 14,400 $ 4,200 Standard Cost Per Unit $ 15.60 $ 4.20 $ 1.50

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Topic Video
Question
Please help me with show all calculation thanku
Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 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 efficiency variance for June is: Multiple Choice $4,240 U 5.2 ounces 0.3 hours 0.3 hours O $4,240 F O$4,000 F Standard Price or Rate $ 3.00 per ounce $14.00 per hour $ 5.00 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. The variable overhead efficiency variance for June is: O $4,000 U 4,400 units 4,600 units 20,800 ounces 21,900 ounces 580 hours $ 39,500 $ 14,400 $ 4,200 Standard Cost Per Unit $15.60 $ 4.20 $ 1.50
Transcribed Image Text:Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 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 efficiency variance for June is: Multiple Choice $4,240 U 5.2 ounces 0.3 hours 0.3 hours O $4,240 F O$4,000 F Standard Price or Rate $ 3.00 per ounce $14.00 per hour $ 5.00 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. The variable overhead efficiency variance for June is: O $4,000 U 4,400 units 4,600 units 20,800 ounces 21,900 ounces 580 hours $ 39,500 $ 14,400 $ 4,200 Standard Cost Per Unit $15.60 $ 4.20 $ 1.50
Expert Solution
steps

Step by step

Solved in 4 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Performance measurements
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS