Gentile Corporation makes a product with the following standard costs Input Standard Quantity or Hours...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Gentile Corporation makes a product with the following standard costs Input Standard Quantity or Hours 6.6 kilos 0.8 hours 0.8 hours Standard Price or Rate $5.00 per kilo 14.00 per hour 3.00 per hour Direct labor.... Variable overhead The company produced 6,000 units in May using 36,970 kilos of direct material and 4,340 direct labor-hours. During the month, the company purchased 40,400 kilos of the direct material at $4.70 per kilo. The actual direct labor rate was $13.70 per hour and the actual variable overhead rate was $2.70 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 efficiency variance for May is $1,380 F $1,242 F $1,380 U $1,242 U
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!
