materials price variance and materials quantity variance

Eia 2Prepuiz a Harris Corporation produces a single product. Last year, Harris manufactured 34,930 units and sold 29,900 units n costs for the year were as follows: Sales were $1,330550, for the year, variable selling a Oddo Corporation makes a product with the following standard costs: Standard Cost Per Unit uatitySlandad Price or or Hours Rate $ 90 per ounce r hour Variatble overhead 8.00 per fiou $5.60 The company reported the following results concerning this product in December. 4,490 ,290 units 17,450 oun 3.393 hours Actual output Actual direct labor-haurs Purchases of raw materlals 220 unces als Actual direct labor rate Actual variable ove $19,20 per hour $8.10 The compary applies variable overhead on the basis ol direct labor-hours. The direcl materials purchases variance is computed when the materials are purchased. The materials quantity variance for December is: O $2,291U O $2.233Uu O $2.233 F O $2,291 F Type here to search w 11/3/2017