Majer Corporation makes a product with the following standard costs: DirectmaterialsDirectlaborVariableoverheadStandardQuantityorHours6.6ounces0.6hours0.6hoursStandardPriceorRate$2.00perounce$17.00perhour$2.00perhourStandardCostPerUnit$13.20$10.20$1.20 The company reported the...
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Majer Corporation makes a product with the following standard costs: DirectmaterialsDirectlaborVariableoverheadStandardQuantityorHours6.6ounces0.6hours0.6hoursStandardPriceorRate$2.00perounce$17.00perhour$2.00perhourStandardCostPerUnit$13.20$10.20$1.20 The company reported the following results concerning this product in February. OriginallybudgetedoutputActualoutputRawmaterialsusedinproductionActualdirectlabor-hoursPurchasesofrawmaterialsActualpriceofrawmaterialsActualdirectlaborrateActualvariableoverheadrate5,600units8,400units30,700ounces1,970hours31,700ounces$82.90perounce$92,40perhour$4.70perhour The company applies varlable overhead on the basis of direct labor-hours. The direct materlals purchases varlance is computed when the materials are purchased. The varlable overhead efficlency varlance for February is: Multiple Choice $6,140U $6,090F $6,140F $6,090U
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