thtml ed Search.. tes Tools Help Saved Help Save &Exit Bulluck Corporation makes a product with the following standard costs: ty Standard Price or Hours 3.5 grans 0.7 hours 0.7 hours te s 1.00 per gram $11.00 per hour s 2.00 per hour Ra Direct materials Direct labor Variable overhead The company reported the following results concerning this product in July Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased 1.20 per granm Actual direct labor rate Actual variable overhead rate 3,000 units 11,370 grams 1,910 hours 12,100 grams s 11.40 per hour 2.10 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 K Prev 20 of 50 Next