Tharaldson Corporation makes a product with the following standard costs: Standard Quantity Standard Price or...
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Tharaldson Corporation makes a product with the following standard costs: Standard Quantity Standard Price or Standard Cost or Hours Rate Per Unit Direct materials $ 2.00 per $ 6.3 12.60 ounces ounce Direct labor $11.00 per hour $ 6.00 per hour $ $ 0.4 hours 4.40 Variable overhead 0.4 hours 2.40 The company reported the following results concerning this product in June. Originally budgeted output 3,300 units Actual output 2,600 units Raw materials used in production 21,300 ounces Purchases of raw materials 22,400 ounces Actual direct labor-hours 470 hours $ 42,000 $13,300 $ 3,650 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 labor rate variance for June is
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