Please don't provide answer in image format thank you Tharaldson Corporation makes a product with the following standard costs:Standard Quantity orHours5.9 ounces0.4 hours0.4 hoursDirect materialsDirect laborVariable overheadThe company reported the following results concerning this product in June.Originally budgeted output.Actual outputRaw materials used in productionPurchases of raw materialsActual direct labor-hoursActual cost of raw materials purchasesActual direct labor costActual variable overhead costMultiple ChoiceO$1722 F$1710 FStandard Price or Rate :$ 2.00 per ounce$ 10.00 per hour$ 4.00 per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchasedThe variable overhead rate variance for June is:$1,722 U$1,710 U3,700 units3,300 units21,500 ounces22,000 ounces510 hours$42,400$ 13,700$ 3,750Standard CostPer Unit$11.80$ 4.00$ 1.60

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Description: Please don't provide answer in image format thank you Tharaldson Corporation makes a product with the following standard costs:Standard Quantity orHours5.9 ounces0.4 hours0.4 hoursDirect materialsDirect laborVariable overheadThe company reported the

The variance is the difference between the actual and standard production data. The variance can be…

Business

Accounting

haraldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.9 ounces 0.4 hours 0.4 hours Standard Price or Rate $ 2.00 per ounce $ 10.00 per hour $ 4.00 per hour Standard Cost Per Unit $11.80 $ 4.00 $ 1.60 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 $ 42,400 Actual direct labor cost $ 13,700 Actual variable overhead cost. $ 3,750 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased 3,700 units 3,300 units 21,500 ounces 22,000 ounces 510 hours

haraldson Corporation makes a product with the following standard costs: Standard Quantity or Hours 5.9 ounces 0.4 hours 0.4 hours Standard Price or Rate $ 2.00 per ounce $ 10.00 per hour $ 4.00 per hour Standard Cost Per Unit $11.80 $ 4.00 $ 1.60 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 $ 42,400 Actual direct labor cost $ 13,700 Actual variable overhead cost. $ 3,750 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased 3,700 units 3,300 units 21,500 ounces 22,000 ounces 510 hours

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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