Kartman Corporation makes a product with the following standard costs:
Standard Quantity Standard Price Standard Cost/Unit
Direct materials 6.7 pounds $ 7.20 per pound $ 48.24
Direct labor 0.6hours $26.00 per hour $ 15.60
Variable overhead 0.6 hours $4.20 per hour $ 2.52
In June the company's budgeted production was 5,200 units but the actual production was 5,300 units. The company used 23,950 pounds of the direct material and 2,470 direct labor-hours to produce this output. During the month, the company purchased 27,200 pounds of the direct material at a cost of $188,180. The actual direct labor cost was $58,821 and the actual variable overhead cost was $13,431.
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 June is:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Kartman Corporation makes a product with the following standard costs: Standard Quantity Standard Price Standard Cost/Unit Direct materials ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
To avoid injury when you're putting an item down, proper technique involves: A) Positioning your hands so your fingers don't get caught under the load B) Placing the load in the center of the surface so it doesn't fall C) Keeping your back arched D)
Answers (2)
Brent files a return as married filing jointly. In 2019, he had the following items: • Salary of $104,000. • Loss of $105,000 on the sale of § 1244 stock acquired two years ago. • Interest income of $8,000. Brent's capital loss carryforward is:
Answers (1)
Which option lists the steps to generate a weather forecast in the correct order?
Answers (1)
A younger client with a moderate amount of funds is considering the purchase of a home in the near-term future. For this reason, the investor wishes to keep their assets as liquid as possible in the event that the right deal on a home comes along.
Answers (2)
Which of the following hands-on training does Junior Achievement provide? Select all that apply. A. community service B. entrepreneurship C. team building D. workforce readiness This question has two of these answers.
Answers (1)
New Questions in Business
The government of Happyland collects $100 million in taxes each year and currently has a public debt of $1.2 billion, which it finances by issuing Treasury bonds that pay 8% per year.
Answers (1)
Weaver Chocolate Co. expects to earn $3.50 per share during the current year, its expected dividend payout ratio is 65%, its expected constant dividend growth rate is 6.0%, and its common stock currently sells for $32.50 per share.
Answers (1)
GANTT refers to the Generalized Activity Network Tracking Technique which was developed to better understand how variability in the duration of individual activities impacts the expected project duration. a. trueb. false
Answers (1)
A firm based in a country with a national competitive advantage is not guaranteed success as it implements its chosen international business-level strategy.
Answers (1)
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office building: Purchase price of the land $ 620,000 Sale of salvaged parts already on land $ 20,000 Demolition of the old
Answers (1)