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Business, 21.08.2020 21:01 kwilson5328

Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per Unit Direct materials 6.4ounces$3.00per ounce$19.20 Direct labor 0.4hours$13.00per hour$5.20 Variable overhead 0.4hours$5.00per hour$2.00 The company reported the following results concerning this product in February. Originally budgeted output 4,800units Actual output 4,900units Raw materials used in production 30,230ounces Actual direct labor-hours 1,910hours Purchases of raw materials 32,600ounces Actual price of raw materials$2.90per ounce Actual direct labor rate$12.40per hour Actual variable overhead rate$4.90per 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. The variable overhead efficiency variance for February is:

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