Tharaldson Corporation makes a product with the following standard costs:   Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials   6.5 ounces $ 2.00 per ounce $ 13.00 Direct labor   0.2 hours $ 23.00 per hour $ 4.60 Variable overhead   0.2 hours $ 6.00 per hour $ 1.20 The company reported the following results concerning this product in June. Originally budgeted output   2,700 units Actual output   2,800 units Raw materials used in production   19,380 ounces Purchases of raw materials   21,400 ounces Actual direct labor-hours   500 hours Actual cost of raw materials purchases $ 40,660   Actual direct labor cost $ 12,050   Actual variable overhead cost $ 3,100     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 price variance for June is:

The following data is give for the Walker Company: Budgeted production                                                           1,000 units Actual production                                                                   980 units Materials:      Standard price per lb                                                          $2.00      Standard pounds per completed unit                                      12      Actual pounds purchased and used in production                   11,800      Actual price paid for materials                                             $23,000 Labor:      Standard hourly labor rate                                               $14 per pound     Standard hours allowed per completed unit                           4.5     Actual labor hours worked                                                 4,560     Actual total labor costs                                                       $62,928 Overhead:     Actual and budgeted fixed overhead…

Use this information for Harry Company to answer the question that follow.The following data are given for Harry Company: Budgeted production 26,000 units Actual production 27,500 units Materials:    Standard price per ounce $6.50  Standard ounces per completed unit 8  Actual ounces purchased and used in production 228,000  Actual price paid for materials $1,504,800 Labor:    Standard hourly labor rate $22.00 per hour  Standard hours allowed per completed unit 6.6  Actual labor hours worked 183,000  Actual total labor costs $4,020,000 Overhead:    Actual and budgeted fixed overhead $1,029,600  Standard variable overhead rate $24.50 per standard labor hour  Actual variable overhead costs $4,520,000  Overhead is applied on standard labor hours. (Round interim calculations to the nearest cent.)The direct labor rate variance is a.$5,490 favorable b.$5,490 unfavorable c.$33,000 unfavorable d.$33,000 favorable

Turrubiates Corporation makes a product that uses a material with the following standards:   Standard quantity   7.5 liters per unit Standard price $ 1.20 per liter     The company budgeted for production of 2,400 units in April, and the actual production was 2,400 units. The company used 16,410 liters of direct material to produce this output. The company purchased 16,410 liters of the direct material at $1.10 per liter.   The direct materials quantity variance is computed based on materials used in production   The materials quantity variance for April is:       A.  $1,908 U     B. $810 U     C. $1,908 F     D. $810 F

The following data pertains to the month of October for Elm. Co. when production was budgeted to be 5,000 units of P90. P90 has standard costs per unit of: 3 lbs of Direct Materials at a cost of $7.00 per lb; .20 hours of Direct Labor at $18.00 per hour, and variable overhead assigned on the basis of 0.05 machine hours at a rate of $50 per machine hour. Actual production of P90 for October was 4,600 units, using 15,100 lbs of material costing a total of $107,778. A. Determine the direct materials quantity variance. (negative numbers indicate a favorable variance)

Miguez Corporation makes a product with the following standard costs: Standard Quantity or Standard Price or Standard Cost Hours Rate Per Unit Direct materials 2.4 liters $ 7.10 per liter $17.04 $23.00 per hour $ 2.10 per hour Direct labor 0.5 hours $11.50 Variable overhead 0.5 hours $ 1.05 The company budgeted for production of 2,700 units in September, but actual production was 2,600 units. The company used 5,540 liters of direct material and 1,690 direct labor-hours to produce this output. The company purchased 5,900 liters of the direct material at $7.30 per liter. The actual direct labor rate was $25.10 per hour and the actual variable overhead rate was $1.80 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. The variable overhead rate variance for September is:

A company makes wine glasses for which the following standards have Standard Price Expected Per Unit of Input $2 per ounce $8 per hour Production of 400 glasses was expected in July, but 440 were actually made. Direct materials purchased and used were 2,100 ounces at an actual price of $2.30 per ounce. Direct labor cost for the month was $5,310, and the actual pay per hour was $9.00. been developed: Direct Materials Direct Labor Standard Inputs Expected For Each Unit of Output 5 ounces 1.5 hours Calculate: a) The direct materials variances b) The direct labor variances

Belinda Company has the following budgeted variable costs per unit produced:   Direct materials $ 7.50 Direct labour    2.24 Variable overhead:   Supplies   0.33 Maintenance   0.17 Power  0.18   Budgeted fixed overhead costs per month include supervision of $68,000, depreciation of $71,000, and other overhead of $205,000. Required: 1. Prepare a flexible budget for all costs of production for the following levels of production: 120,000 units, 130,000 units, and 145,000 units. 2.  What is the per-unit total product cost for each of the production levels from Requirement 1? (Round each unit cost to the nearest cent.)

WP Corporation produces products X, Y, and Z from a single raw material input in a joint production process. Budgeted data for the next month is as follows: Product X Product Y Product Z 1,800 2,300 3,300 $16.00 $19.00 $18.00 Added processing costs per unit $ 3.00 $5.00 $5.00 Per unit sales value if processed further $ 20.00 $ 20.00 $25.00 The cost of the joint raw material input is $71,000. Which of the products should be processed beyond the split-off point? Product XProduct Y Product Z A) yes yes Units produced Per unit sales value at split-off B) yes C) no D) no no yes yes no yes no yes

Blaze Corporation allocates overhead on the basis of DLH and the standard amount per allocation base is 2 DLH per unit. For March, the company planned production of 10,000 units (80% of its production capacity of 12,500 units) and prepared the following budget. The company actually operated at 90% capacity (11,250 units) in March and incurred actual total overhead costs of $76,335.  Overhead Budget 80% Operating Levels Production in units 10,000 Budgeted variable overhead $ 32,000 Budgeted fixed overhead $ 42,000