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Business, 05.05.2020 08:12 tmkyer2

Doogan Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 2.0 grams $ 7.00 per gram Direct labor 1.7 hours $ 13.00 per hour Variable overhead 1.7 hours $ 7.00 per hour The company produced 4,700 units in January using 10,350 grams of direct material and 2,330 direct labor-hours. During the month, the company purchased 10,920 grams of the direct material at $7.35 per gram. The actual direct labor rate was $13.90 per hour and the actual variable overhead rate was $6.70 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. The materials quantity variance for January is:

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