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Business, 15.04.2021 22:10 lizzieee04

Doogan Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct materials 7.4grams$2.00per gram Direct labor 0.5hours$20.00per hour Variable overhead 0.5hours$7.00per hour The company produced 5,200 units in January using 39,310 grams of direct material and 2,380 direct labor-hours. During the month, the company purchased 44,400 grams of the direct material at $1.70 per gram. The actual direct labor rate was $19.30 per hour and the actual variable overhead rate was $6.80 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 rate variance for January is: Select one: A. $476 F B. $520 F C. $520 U D. $476 U

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