15)
Kartman Corporation makes a product with the following standardcosts:
Standard Quantity orHours Standard Price orRate Standard Cost PerUnit Direct materials 6.5 pounds $ 7.00 per pound $ 45.50 Direct labor 0.6 hours $ 24.00 per hour $ 14.40 Variable overhead 0.6 hours $ 4.00 per hour $ 2.40
In June the company's budgeted production was 3,400 units butthe actual production was 3,500 units. The company used 22,150pounds of the direct material and 2,290 direct labor-hours toproduce this output. During the month, the company purchased 25,400pounds of the direct material at a cost of $170,180. The actualdirect labor cost was $57,021 and the actual variable overhead costwas $8,931.
The company applies variable overhead on the basis of directlabor-hours. The direct materials purchases variance is computedwhen the materials are purchased.
The variable overhead rate variance for June is:
Multiple Choice
$210 U
$210 F
$229 F
$229 U
15)
Kartman Corporation makes a product with the following standardcosts:
| Standard Quantity orHours | Standard Price orRate | Standard Cost PerUnit | |||||||
| Direct materials | 6.5 | pounds | $ | 7.00 | per pound | $ | 45.50 | ||
| Direct labor | 0.6 | hours | $ | 24.00 | per hour | $ | 14.40 | ||
| Variable overhead | 0.6 | hours | $ | 4.00 | per hour | $ | 2.40 | ||
In June the company's budgeted production was 3,400 units butthe actual production was 3,500 units. The company used 22,150pounds of the direct material and 2,290 direct labor-hours toproduce this output. During the month, the company purchased 25,400pounds of the direct material at a cost of $170,180. The actualdirect labor cost was $57,021 and the actual variable overhead costwas $8,931.
The company applies variable overhead on the basis of directlabor-hours. The direct materials purchases variance is computedwhen the materials are purchased.
The variable overhead rate variance for June is:
Multiple Choice
$210 U
$210 F
$229 F
$229 U
Related questions
#14
Handerson Corporation makes a product with the followingstandard costs:
| Standard Quantity orHours | Standard Price orRate | ||||||||||
| Direct materials | 8.5 | kilos | $ | 6.00 | per kilo | ||||||
| Direct labor | 0.4 | hours | $ | 20.00 | per hour | ||||||
| Variable overhead | 0.4 | hours | $ | 6.00 | per hour | ||||||
The company reported the following results concerning thisproduct in August.
| Actual output | 3,200 | units | |
| Raw materials used inproduction | 29,030 | kilos | |
| Purchases of raw materials | 31,600 | kilos | |
| Actual direct labor-hours | 1,160 | hours | |
| Actual cost of raw materialspurchases | $ | 195,920 | |
| Actual direct labor cost | $ | 22,736 | |
| Actual variable overheadcost | $ | 7,540 | |
The company applies variable overhead on the basis of directlabor-hours. The direct materials purchases variance is computedwhen the materials are purchased.
The labor rate variance for August is:
Multiple Choice
$512 U
$512 F
$464 U
$464 F
#15
Kartman Corporation makes a product with the following standardcosts:
| Standard Quantity orHours | Standard Price orRate | Standard Cost PerUnit | |||||||
| Direct materials | 6.5 | pounds | $ | 7.00 | per pound | $ | 45.50 | ||
| Direct labor | 0.6 | hours | $ | 24.00 | per hour | $ | 14.40 | ||
| Variable overhead | 0.6 | hours | $ | 4.00 | per hour | $ | 2.40 | ||
In June the company's budgeted production was 3,400 units butthe actual production was 3,500 units. The company used 22,150pounds of the direct material and 2,290 direct labor-hours toproduce this output. During the month, the company purchased 25,400pounds of the direct material at a cost of $170,180. The actualdirect labor cost was $57,021 and the actual variable overhead costwas $8,931.
The company applies variable overhead on the basis of directlabor-hours. The direct materials purchases variance is computedwhen the materials are purchased.
The variable overhead rate variance for June is:
Multiple Choice
$210 U
$210 F
$229 F
$229 U
Biery Corporation makes a product with the following standard costs:
| Standard Quantity or Hours | Standard Price or Rate | |
| Direct materials | 1.3 liters | $6.00 per liter |
| Direct labor | 0.6 hours | $19.00 per hour |
| Variable overhead | 0.6 hours | $3.00 per hour |
The company produced 4,100 units in April using 5,380 liters of direct material and 2,610 direct labor-hours. During the month, the company purchased 6,000 liters of the direct material at $5.80 per liter. The actual direct labor rate was $19.80 per hour and the actual variable overhead rate was $2.90 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 April is:
| $300 U | ||
| $290 U | ||
| $290 F | ||
| $300 F |
33.
Gilder Corporation makes a product with the following standardcosts:
| Standard Quantity or Hours | Standard Price or Rate | Standard Cost Per Unit | ||||||
| Direct materials | 7.90 | grams | $ | 10.00 | per gram | $ | 79.00 | |
| Direct labor | 0.15 | hours | $ | 28.00 | per hour | $ | 4.20 | |
| Variable overhead | 0.15 | hours | $ | 8.00 | per hour | $ | 1.20 | |
The company reported the following results concerning this productin June:
| Originally budgeted output | 4,800 | units |
| Actual output | 5,040 | units |
| Raw materials used inproduction | 37,492 | grams |
| Purchases of raw materials | 41,792 | grams |
| Actual direct labor-hours | 670 | hours |
| Actual cost of raw materialspurchases | $392,840 | |
| Actual direct labor cost | $18,164 | |
| Actual variable overheadcost | $3,028 | |
The company applies variable overhead on the basis of directlabor-hours. The direct materials purchases variance is computedwhen the materials are purchased.
The materials quantity variance for June is:
rev: 11_26_2016_QC_CS-71059
$240 U
$22,980 F
$23,240 U
$23,240 F
