Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Bulluck Corporation makes a product with the following standard costs:
| Standard Quantity or Hours | Standard Price or Rate | ||||||||||
| Direct materials | 3.5 | grams | $ | 1.00 | per gram | ||||||
| Direct labor | 0.7 | hours | $ | 11.00 | per hour | ||||||
| Variable overhead | 0.7 | hours | $ | 2.00 | per hour | ||||||
The company reported the following results concerning this product in July.
| Actual output | 3,000 | units | |
| Raw materials used in production | 11,370 | grams | |
| Actual direct labor-hours | 1,910 | hours | |
| Purchases of raw materials | 12,100 | grams | |
| Actual price of raw materials purchased | $ | 1.20 | per gram |
| Actual direct labor rate | $ | 11.40 | per hour |
| Actual variable overhead rate | $ | 2.10 | 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 variable overhead rate variance for July is:
The variable overhead rate variance for July is:
Multiple Choice
-
$210 U
-
$210 F
-
$191 F
-
$191 U
Homework Answers
Add Answer to:
Bulluck Corporation makes a product with the following standard
costs:
Standard Quantity or
Hours
Standard Price...
3) (Information for problems 3 through 8): Bulluck Corporation makes a product with the following standard...
3) (Information for problems 3 through 8): Bulluck Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 3.5 grams 0.7 hours hours Standard Price or Rate 1.00 per gram 11.00 per hour 2.00 per hour 0.7 The company reported the following results concerning this product in July. units Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct...
$870 U $1044 U $870 F $1044 F Bulluck Corporation makes a product with the following...
$870 U
$1044 U
$870 F
$1044 F
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 3.5 grams 1.00 per gram Direct labor e.7 hours $11.00 per hour Variable overhead e.7 hours $2.00 per hour The company reported the following results concerning this product in July. 3,e0e units 11,370 grams 1,910 hours 12,100 grams 1.20 per gram $11.40 per hour $ 2.10 per hour Actual output Raw materials...
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 3.5 grams $ 1.00 per gram Direct labor 0.7 hours $ 11.00 per hour Variable overhead 0.7 hours $ 2.00 per hour The company reported the following results concerning this product in July. Actual output 3,000 units Raw materials used in production 11,370 grams Actual direct labor-hours 1,910 hours Purchases of raw materials 12,100 grams Actual price of raw materials...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.70 grams $5.00 per gram $38.50 Direct labor 0.2 hours $17.00 per hour $3.40 Variable overhead 0.2 hours $5.00 per hour $1.00 The company reported the following results concerning this product in June. Originally budgeted output 6,700 units Actual output 6,800 units Raw materials used in production 39,300 grams Purchases of raw materials...
idd Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
idd Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 4.4 grams $2.00 per gram $8.80 Direct labor 0.5 hours $15.00 per hour $7.50 Variable overhead 0.5 hours $2.00 per hour $1.00 The company reported the following results concerning this product in November. Originally budgeted output 9,200 units Actual output 9,300 units Raw materials used in production 44,760 grams Purchases of raw materials...
Blue Co. makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Blue Co. makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 7.4 grams $8.00 per gram Direct labor 0.3 hours $16.00 per hour Variable overhead 0.3 hours $7.00 per hour The company reported the following results concerning this product in July. Actual output 2,200 units Raw materials used in production 16,420 grams Purchases of raw materials 17,900 grams Actual direct labor-hours 720 hours Actual cost of raw materials purchases $141,410 Actual...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 6.10 grams $ 5.00 per gram $ 30.50 Direct labor 0.20 hours $ 11.00 per hour $ 2.20 Variable overhead 0.20 hours $ 4.00 per hour $ 0.80 The company reported the following results concerning this product in June: Originally budgeted output 3,100 units Actual output 3,180 units Raw materials used in production 18,508 grams Purchases...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price...
Gilder Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit Direct materials 7.00 grams $14.00 per gram $98.00 Direct labor 0.20 hours $20.00 per hour $ 4.00 Variable overhead 0.20 hours $ 7.00 per hour $ 1.40 The company reported the following results concerning this product in June: Originally budgeted output 4,000 units Actual output 4,080 units Raw materials used in production 25,996 grams Purchases of raw materials...
Hurren Corporation makes a product with the following standard costs: Standard Standard Price Standard Cost Quantity...
Hurren Corporation makes a product with the following standard costs: Standard Standard Price Standard Cost Quantity or Per Unit or Rate Hours $8.00 per gram Direct materials 4.0 grams $32.00 $7.20 $12.00 per hour Direct labor 0.6 hours Variable $8.00 per hour $4.80 0.6 hours overhead The company reported the following results concerning this product in June. 7,300 Originally budgeted output units Actual output 7,200 units Raw materials used in production 28,340 grams 4,100 Actual direct labor-hours hours Purchases of...
27 Hurren Corporation makes a product with the following standard costs: Standard Cost Standard Quantity or Standard...
27
Hurren Corporation makes a product with the following standard costs: Standard Cost Standard Quantity or Standard Price or Per Unit Rate Hours $22.40 $4.00 per gram 5.6 grams Direct materials $36.10 $19.00 per hour 1,9 hours Direct labor $7.60 $4.00 per hour 1.9 hours Varlable overhead The company reported the following results concerning this product in June. Originally budgeted output 5,400 units Actual output 5,300 units Raw materials used in production 28,500 grams Actual direct labor-hours 5,700 hours Purchases...
3) (Information for problems 3 through 8): Bulluck Corporation makes a product with the following standard costs: Direct materials Direct labor Variable overhead Standard Quantity or Hours 3.5 grams 0.7 hours hours Standard Price or Rate 1.00 per gram 11.00 per hour 2.00 per hour 0.7 The company reported the following results concerning this product in July. units Actual output Raw materials used in production Actual direct labor-hours Purchases of raw materials Actual price of raw materials purchased Actual direct...
$870 U
$1044 U
$870 F
$1044 F
Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 3.5 grams 1.00 per gram Direct labor e.7 hours $11.00 per hour Variable overhead e.7 hours $2.00 per hour The company reported the following results concerning this product in July. 3,e0e units 11,370 grams 1,910 hours 12,100 grams 1.20 per gram $11.40 per hour $ 2.10 per hour Actual output Raw materials...
Hurren Corporation makes a product with the following standard costs: Standard Standard Price Standard Cost Quantity or Per Unit or Rate Hours $8.00 per gram Direct materials 4.0 grams $32.00 $7.20 $12.00 per hour Direct labor 0.6 hours Variable $8.00 per hour $4.80 0.6 hours overhead The company reported the following results concerning this product in June. 7,300 Originally budgeted output units Actual output 7,200 units Raw materials used in production 28,340 grams 4,100 Actual direct labor-hours hours Purchases of...
27
Hurren Corporation makes a product with the following standard costs: Standard Cost Standard Quantity or Standard Price or Per Unit Rate Hours $22.40 $4.00 per gram 5.6 grams Direct materials $36.10 $19.00 per hour 1,9 hours Direct labor $7.60 $4.00 per hour 1.9 hours Varlable overhead The company reported the following results concerning this product in June. Originally budgeted output 5,400 units Actual output 5,300 units Raw materials used in production 28,500 grams Actual direct labor-hours 5,700 hours Purchases...
Most questions answered within 3 hours.
-
The blues made its way into many kinds of music. Eric Clapton,
The Beatles, and Elvis...
asked 5 minutes ago -
If you’re standing at the bottom of a hill and asked to evaluate
it while being...
asked 1 hour ago -
1. Which region has taken the lead in the world of
e-waste handling?
a) European Union...
asked 54 minutes ago -
A 8.15- g bullet from a 9-mm pistol has a velocity of 366.0 m/s.
It strikes...
asked 2 hours ago -
The outstanding bonds of Alpha Extracts have a yield to maturity
of 7.4 percent and a...
asked 2 hours ago -
The Problem: The Case of the Harmonizing Vacations
Your CEO is exploring partnering with a European...
asked 3 hours ago -
A chemical equation is balanced by adding coefficients in front
of some formulas so that the...
asked 3 hours ago -
From the literature (reference your sources): What are the
lattice parameters of calcite and aragonite? Why...
asked 4 hours ago -
Your system is rejecting the question am asking which is
preceded by a case study. It...
asked 4 hours ago -
3. On January 2, 2000, Larry creates a trust with himself as
trustee. Larry as trustee...
asked 4 hours ago -
A member of the volleyball team spikes the ball. During this
process, she changes the velocity...
asked 4 hours ago -
Are adult gamers less likely to use a gaming console (Xbox,
PlayStation, Wii, etc...) than teen...
asked 5 hours ago