Reference no: EM132690575

Columbia Company produces a single product.

Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The standard costs for one unit of product are as follows:

Direct material: 6.00 ounces at $0.60 per ounce 3.60

Direct labor: 0.6 hours at $30.50 per hour 18.30

Variable MOH: 0.6 hours at $12.00 per hour $7.20

Total standard variable cost per unit . . . . . . . . . . . . . . . . . . . . . . $29.10

During June, 2100 units were produced. The costs associated with June's operations were as follows:

Material purchased: ### ounces at 0.60 per ounce $10,800

Material used: 14000 Ounces ?

Direct labor: 1100 hours at 30.50 per hour $33,550

Actal Variable manufactuirng overhead ....................................... $12,980

Required:

Problem 1: Compute the direct materials, direct labor, and variable manufacturing overhead variances.