Award 100 point 100 point Hurren Corporation makes a product with the following

Award 100 point 100 point hurren corporation makes a

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63.Award: 1.00 point1.00 pointHurren Corporation makes a product with the following standard costs:InputsStandard Quantityor HoursStandard Price orRateStandard CostPer UnitDirect materials3.7 grams$5.00 per gram$18.50 Direct labor1.2 hours$12.00 per hour$14.40 Variable overhead1.2 hours$5.00 per hour$6.00 The company reported the following results concerning this product in June.Originally budgeted output8,000 unitsActual output7,900 unitsRaw materials used in production28,310 gramsActual direct labor-hours3,800 hoursPurchases of raw materials31,100 gramsActual price of raw materials purchased$5.10 per gramActual direct labor rate$12.90 per hourActual variable overhead rate$4.70 per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materials pricevariance is computed when the materials are purchased.The materials quantity variance for June is: rev: 03_02_2012$4,600 U$4,692 F$4,600 F$4,692 UTTTT References References Multiple Multiple Choice Choice Di culty: Medium Learning Objective: 11-01 Compute the direct materials quantity and price variances and explain their signi fi cance. Hurren Corporation makes a product with the following standard costs:
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64.Award: 1.00 point1.00 pointInputsStandard Quantityor HoursStandard Price orRateStandard CostPer UnitDirect materials3.5 grams$7.00 per gram$24.50 Direct labor1.0 hours$10.00 per hour$10.00 Variable overhead1.0 hours$7.00 per hour7.00 The company reported the following results concerning this product in June.Originally budgeted output8,400 unitsActual output8,300 unitsRaw materials used in production28,290 gramsActual direct labor-hours3,600 hoursPurchases of raw materials30,900 gramsActual price of raw materials purchased$7.10 per gramActual direct labor rate$10.90 per hourActual variable overhead rate$6.70 per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materials pricevariance is computed when the materials are purchased.The materials price variance for June is: (Round your intermediate calculations to 2 decimal(Round your intermediate calculations to 2 decimalplaces.)places.)$3,090 F$3,090 U$2,842 F$2,842 UReferencesReferencesMultipleMultipleChoiceChoiceDiculty: MediumLearning Objective: 11-01 Compute thedirect materials quantity and pricevariances and explain their significance.Hurren Corporation makes a product with the following standard costs:InputsStandard Quantityor HoursStandard Price orRateStandard CostPer UnitDirect materials4.7 grams$2.00 per gram$9.40 Direct labor0.7 hours$12.00 per hour$8.40 Variable overhead0.7 hours$7.00 per hour$4.90 TTTT
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