Gilder Corporation makes a product with the following standard costs: The company reported the following results concerning this product in June. 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 labor rate variance for June is:
A)$385 F
B)$357 F
C)$357 U
D)$385 U

Question

Gilder Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in June.  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 labor rate variance for June is:
A)$385 F 
B)$357 F 
C)$357 U 
D)$385 U

Quizplus · Accepted Answer

The Answer of Gilder Corporation makes a product with the following standard costs:  The company reported the following results concerning this product in June.  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 labor rate variance for June is:
A)$385 F 
B)$357 F 
C)$357 U 
D)$385 U

Gilder Corporation Makes a Product with the Following Standard Costs