Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 3.5grams$1.00per gramDirect labor 0.7hours$11.00per hourVariable overhead 0.7hours$2.00per hourThe company reported the following results concerning this product in July. Actual output 3,000unitsRaw materials used in production 11,370gramsActual direct labor-hours 1,910hoursPurchases of raw materials 12,100gramsActual price of raw materials purchased$1.20per gramActual direct labor rate$11.40per hourActual variable overhead rate$2.10per hourThe 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 July is:
A. $1,044 F
B. $1,044 U
C. $870 U
D. $870 F
Answer: C
Business
You might also like to view...
Which of the following indicates physical distribution of goods from one location to another?
A) procurement B) logistics C) segmentation D) inventory management
Business
Explain the product/service life cycle model
What will be an ideal response?
Business
The ________ connects all nodes in a network so that the total branch lengths are minimized
Fill in the blank with correct word.
Business
Some publicly held corporations have used supermajority shareholder voting requirements to defend against hostile takeover bids
a. True b. False Indicate whether the statement is true or false
Business