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s//bblearn.callutheran.edu/webapps/assessment/take/take jsp?course assessment id-33699 1&course; id ::: Apps X: NoodleTools : MLA / N Pac-12 TV Networks N Netflix sports VHL Central | Course eh Question 5 Tharaldson Corporation makes a product with the following standard costs Quantit Standard Price or $ 2.09 per ounce $23.00 per hour S6.08 per hour Unit 3 13.ee Direct naterials Direct labor Variable overhead 0.2 hours e.2 hours S1.2 The company reported the following results concerning this product in June originaily budgeted output Actual output Raw materials used in production Purchases of raw taterials Actual direct labor-hours Actual cost of rau raterials purchases Actual direct labor cost Actual variable overhesd cost 2,7ee units ,8ee units 21,4 ances 48,60 S125a 3, 188 The company applies variable overhead on the basis of direct labor-hours. The direct matenials purchases variance is computed when the materials are purchased The labor rate variance for June is S616 F O $616 U $550 F O $550 U Moving to another question wil save this response

Explanation / Answer

Direct labor rate variance (Actual rate -standard rate )*Actual hours (24.10   - 23)*500 550 U answer   550 U

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