Tharaldson Corporation makes a product with the following standard costs: Standard Standard Standard Price or...
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Tharaldson Corporation makes a product with the following standard costs: Standard Standard Standard Price or Quantity or Cost Per Unit Hours Rate $ 2.00 per 5.7 ounces Direct materials $11.40 ounce 0.8 hours 0.8 hours $ 8.80 $ 4.80 $11.00 per hour $ 6.00 per hour Direct labor Variable overhead The company reported the following results concerning this product in June. Originally budgeted output Actual output 3,900 units 3,500 units Raw materials used in production Purchases of raw materials 20,700 ounces 21,800 ounces Actual direct labor-hours 6,000 hours $ 42,600 $ 13,900 $ 3,950 Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost 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
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