Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.5 ounces $4.00 per ounce Direct labor 0.6 hours $22.00 $6.60 $11.00 per hour Variable overhead 0.6 hours $ 8.00 per hour $4.80 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 4,100 units 4,100 units 23,500 ounces 20,400 ounces 4,800 hours $ 42,600 $ 14,100 $ 4,050 he company applies variable overhead on the basis of direct labor-hours. The direct materials purchas hen the materials are purchased.

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.5 ounces $4.00 per ounce Direct labor 0.6 hours $22.00 $6.60 $11.00 per hour Variable overhead 0.6 hours $ 8.00 per hour $4.80 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 4,100 units 4,100 units 23,500 ounces 20,400 ounces 4,800 hours $ 42,600 $ 14,100 $ 4,050 he company applies variable overhead on the basis of direct labor-hours. The direct materials purchas hen the materials are purchased.

Name: 16 Actual direct labor-hoursActual cost of raw materials purchasesActu
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Description: 16 Actual direct labor-hoursActual cost of raw materials purchasesActual direct labor costActual variable overhead cost4,800 hours$ 42,600$14,100$ 4,050The company applies variable overhead on the basis of direct labor-hours. The direct materials pur

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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