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Business, 09.09.2019 20:30 Adriingashley3521

Milar corporation makes a product with the following standard costs: standard quantity or hours standard price or rate direct materials 2.0 pounds $ 7.00 per pound direct labor 1.3 hours $ 17.00 per hour variable overhead 1.3 hours $ 5.00 per hour in january the company produced 4,500 units using 10,190 pounds of the direct material and 2,170 direct labor-hours. during the month, the company purchased 10,760 pounds of the direct material at a cost of $76,640. the actual direct labor cost was $38,249 and the actual variable overhead cost was $11,950. 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 price variance for january is

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