Maurice Tutor

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    Argosy University/ Phoniex University/
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Category > Management Posted 17 Jan 2018 My Price 6.00

Tidd Corporation

Tidd Corporation makes a product with the following standard costs:

 

 

Inputs Standard Quantity or Hours Standard Price or Rate Standard Cost Per Unit
Direct materials 4.9 grams $3.00 per gram $14.70
Direct labor 0.6 hours $16.00 per hour $9.60
Variable overhead 0.6 hours $3.00 per hour $1.80

 

 

 

The company reported the following results concerning this product in November.

 

 

 

Originally budgeted output 8,500 units
Actual output 8,600 units
Raw materials used in production 44,690 grams
Purchases of raw materials 47,180 grams
Actual direct labor-hours 7,750 hours
Actual cost of raw materials purchases $132,320  
Actual direct labor cost $125,013  
Actual variable overhead cost $21,786  

 

 

 

The company applies variable overhead on the basis of direct labor-hours. The direct materials price variance is computed when the materials are purchased.

 

 

The variable overhead efficiency variance for November is what?


Without solutions, No rating.

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Jan 2018 10:01 PM My Price 6.00

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