Business, 24.04.2020 20:27 KieraKimball

Kibodeaux Corporation makes a product with the following standard costs: The company budgeted for production of 3,300 units in June, but actual production was 3,400 units. The company used 33,240 liters of direct material and 320 direct labor-hours to produce this output. The company purchased 35,900 liters of the direct material at $4.90 per liter. The actual direct labor rate was $22.70 per hour and the actual variable overhead rate was $2.70 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. 6. The materials quantity variance for June is: A. $392 U B. $392 F C. $400 F D. $400 U

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Kibodeaux Corporation makes a product with the following standard costs: The company budgeted for pr...

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