Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 2.0 grams $ 7.00 per gram Direct labor 1.1 hours $ 19.00 per hour Variable overhead 1.1 hours $ 7.00 per hour The company produced 4,800 units in January using 10,170 grams of direct material and 2,150 direct labor-hours. During the month, the company purchased 10,740 grams of the direct material at $7.25 per gram. The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $6.90 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 materials quantity variance for January is:
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
