accounting-Gilder Corporation makes a product with the following standard costs

accounting-Gilder Corporation makes a product with the following standard costs

accounting-Gilder Corporation makes a product with the following standard costs

Gilder Corporation makes a product with the following standard costs:Standard Quantity or HoursStandard Price or RateStandard Cost Per Unit Direct materials4.6 grams$4.00 per gram$18.40 Direct labor0.8 hours$11.00 per hour$8.80 Variable overhead0.8 hours$6.00 per hour$4.80 The company reported the following results concerning this product in June. Originally budgeted output6,800 units Actual output6,700 units Raw materials used in production28,400 grams Purchases of raw materials32,000 grams Actual direct labor-hours4,700 hours Actual cost of raw materials purchases$131,200 Actual direct labor cost$55,930 Actual variable overhead cost$26,790 The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchasedThe variable overhead efficiency variance for June is:$3,762 F$3,960 U$3,762 U$3,960 F

 

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