Gentile Corporation makes a product with the following standard costs: The compa

Question

Gentile Corporation makes a product with the following standard costs:

    
The company produced 6,200 units in May using 37,930 kilos of direct material and 4,500 direct labor-hours. During the month, the company purchased 41,540 kilos of the direct material at $6.30 per kilo. The actual direct labor rate was $16.90 per hour and the actual variable overhead rate was $5.10 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.
     

The variable overhead efficiency variance for May is:

$8,670 F

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Gentile Corporation makes a product with the following standard costs:

Explanation / Answer

Actual Standard Qnty. Rate Amount Qnty. Rate Amount Material 37,930.00 6.30 238,959.00 46,500.00 9.00 418,500.00 Labor 4,500.00 16.90 76,050.00 6,200.00 15.60 96,720.00 VOH 4,500.00 5.10 22,950.00 6,200.00 5.40 33,480.00 VOH Rate 1,350.00 VOH Eff. 9,180.00 VOH Var. 10,530.00 Please consider the time devoted to make this reply by rating this as 5 star. Thank u in advance. God bless u :)

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