The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance...

   

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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 materials quantity variance for June is The materials quantity variance for June is: Multiple Choice O O $5,000 U $5,000 F $2,301 F $2,301 U 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 Standard Price or Rate $4.00 per ounce $ 11.00 per hour $ 4.00 per hour 7.7 ounces 0.8 hours 0.8 hours 3,100 units 2,500 units 20,500 ounces 22,600 ounces 3,600 hours $ 41,600 $ 13,100 $ 3,550 Standard Cost Per Unit $ 30.80 $ 8.80 $ 3.20 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 materials quantity variance for June is The materials quantity variance for June is: Multiple Choice O O $5,000 U $5,000 F $2,301 F $2,301 U 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 Standard Price or Rate $4.00 per ounce $ 11.00 per hour $ 4.00 per hour 7.7 ounces 0.8 hours 0.8 hours 3,100 units 2,500 units 20,500 ounces 22,600 ounces 3,600 hours $ 41,600 $ 13,100 $ 3,550 Standard Cost Per Unit $ 30.80 $ 8.80 $ 3.20

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Materials Quantity Variance Actual Quantity UsedStandard Quantity Al... View the full answer