Business, 20.12.2021 01:40 landonp101

Bulluck Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direct materials 3.60 grams $ 1.10 per gram Direct labor 0.80 hours $ 12.00 per hour Variable overhead 0.80 hours $ 2.10 per hour The company reported the following results concerning this product in July. Actual output 3,100 units Raw materials used in production 11,470 grams Actual direct labor-hours 2,350 hours Purchases of raw materials 12,200 grams Actual price of raw materials purchased $ 1.30 per gram Actual direct labor rate $ 11.50 per hour Actual variable overhead rate $ 2.20 per hour

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