Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Direct materials Direct labor Variable overhead. The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production. Purchases of raw materials. Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The variable overhead efficiency variance for June is: Multiple Choice O 5.2 ounces 0.3 hours 0.3 hours $4,240 U 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 efficiency variance for June is: $4,240 F Standard Price or Rate $ 3.00 per ounce $ 14.00 per hour $ 5.00 per hour O$4,000 F 4,400 units 4,600 units 20,800 ounces 21,900 ounces 580 hours $ 39,500 $ 14,400 $ 4,200 Standard Cost Per Unit $ 15.60 $ 4.20 $ 1.50

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Direct materials Direct labor Variable overhead. The company reported the following results concerning this product in June. Originally budgeted output Actual output Raw materials used in production. Purchases of raw materials. Actual direct labor-hours Actual cost of raw materials purchases Actual direct labor cost Actual variable overhead cost The variable overhead efficiency variance for June is: Multiple Choice O 5.2 ounces 0.3 hours 0.3 hours $4,240 U 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 efficiency variance for June is: $4,240 F Standard Price or Rate $ 3.00 per ounce $ 14.00 per hour $ 5.00 per hour O$4,000 F 4,400 units 4,600 units 20,800 ounces 21,900 ounces 580 hours $ 39,500 $ 14,400 $ 4,200 Standard Cost Per Unit $ 15.60 $ 4.20 $ 1.50

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Description: Please help me with show all calculation thanku Tharaldson Corporation makes a product with the following standard costs:StandardQuantity orHoursDirect materialsDirect laborVariable overhead.The company reported the following results concerning this

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 5EB: Smith Industries uses a cost system that carries direct materials inventory at a standard cost. The...

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