Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.5 ounces $ 2.00 per ounce $ 11.00 Direct labor 0.6 hours $ 11.00 per hour $ 6.60 Variable overhead 0.6 hours $ 8.00 per hour $ 4.80 The company reported the following results concerning this product in June. Originally budgeted output 4,100 units Actual output 4,100 units Raw materials used in production 20,500 ounces Purchases of raw materials 21,600 ounces Actual direct labor-hours 4,800 hours Actual cost of raw materials purchases $ 42,800 Actual direct labor cost $ 14,100 Actual variable overhead cost $ 4,050 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:

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.5 ounces $ 2.00 per ounce $ 11.00...

Tharaldson Corporation makes a product with the following standard costs:

	Standard Quantity or Hours	Standard Price or Rate	Standard Cost Per Unit
Direct materials	5.5	ounces	$ 2.00	per ounce	$ 11.00
Direct labor	0.6	hours	$ 11.00	per hour	$ 6.60
Variable overhead	0.6	hours	$ 8.00	per hour	$ 4.80

The company reported the following results concerning this product in June.

Originally budgeted output	4,100	units
Actual output	4,100	units
Raw materials used in production	20,500	ounces
Purchases of raw materials	21,600	ounces
Actual direct labor-hours	4,800	hours
Actual cost of raw materials purchases	$ 42,800
Actual direct labor cost	$ 14,100
Actual variable overhead cost	$ 4,050

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:

Jun 10, 2022

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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 5.5 ounces $ 2.00 per ounce $ 11.00...

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