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tharaldson corporation makes a product with the following standard costs: standard quantity or hours standard price or rate standard cost per unit direct materials 7.1 ounces $ 4.00 per ounce $ 28.40 direct labor 0.8 hours $ 15.00 per hour $ 12.00 variable overhead 0.8 hours $ 4.00 per hour $ 3.20 the company reported the following results concerning this product in june. originally budgeted output 2,500 units actual output 3,000 units raw materials used in production 21,500 ounces purchases of raw materials 22,000 ounces actual direct labor-hours 4,600 hours actual cost of raw materials purchases $ 41,000 actual direct labor cost $ 12,500 actual variable overhead cost $ 3,250 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 materials quantity variance for june is:
tharaldson corporation makes a product with the following standard costs: standard quantity or hours standard price or rate standard cost per unit direct materials 7.1 ounces $ 4.00 per ounce $ 28.40 direct labor 0.8 hours $ 15.00 per hour $ 12.00 variable overhead 0.8 hours $ 4.00 per hour $ 3.20 the company reported the following results concerning this product in june. originally budgeted output 2,500 units actual output 3,000 units raw materials used in production 21,500 ounces purchases of raw materials 22,000 ounces actual direct labor-hours 4,600 hours actual cost of raw materials purchases $ 41,000 actual direct labor cost $ 12,500 actual variable overhead cost $ 3,250 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 materials quantity variance for june is:
Final answer:Thematerials quantity variancefor Tharaldson Corporation in June is $800 Unfavorable. This is calculated by comparing the difference between the standard quantity expected for actual output and the actual quantity used, then multiplying by the standard price per ounce.Explanation:The materials quantity variance in this question can be calculated by first determining the standard quantity of raw materials expected for the actual output and then comparing that to the actual quantity used. For Tharaldson Corporation, thestandard quantityis 7.1 ounces per unit. So, for the actual output of 3,000 units, we would expect 3,000 * 7.1 = 21,300 ounces. The actual amount used was 21,500 ounces, which is 200 ounces over what was expected. To calculate the variance, we multiply this difference by the standard price per ounce, which is $4.00, so the materials quantity variance for June is 200 * $4.00 = $800 Unfavorable. 'Unfavorable' because the actual quantity used was greater than the standard quantity expected.Learn more aboutMaterials Quantity Variancehere:brainly.com/question/13375811#SPJ11...