Question: help asap GHI Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to

GHI Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Price Inputs Standard Quantity or Hours per Unit of Output of Rade Diect materials 6.7 grams $780 per gram Deect labor 0.20 hours $19.00 per hour Variable manufacturing overhead 020 hours $8.30 per hour The company has reported the following actual results for the product for August Actual output 6,300 units Raw materials purchased 48,100 grams Actual price of raw materials $7.00 per gram Raw materials used in production 42.200 grams Actual direct labor-hours 1,350 hours Actual direct labor rate $20 10 per hour Actual variable overhead rate $9.00 per hour Direct materials 6.7 grams Direct labor 0.20 hours Vanablo manufacturing overhead 0.20 hours The company has reported the following actual results for the product for August Actual output 6,300 units Raw materials purchased. 48,100 grams Actual price of raw materials $7.00 per gram Raw materials used in production 42,200 grams Actual direct labor-hours 1,350 hours Actual direct labor rate i $20.10 per hour Actual variable overhead rate $9.00 per hour Required a Compute the materials price variance for August b. Compute the materials quantity variance for August c. Compute the labor rate variance for August d. Compute the labor officiency variance for August e Compute the variable overhead rate variance for August f Compute the vanable overhead efficiency variance for August $7.80 per gram $19.00 per hour $8.30 per hour
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