1. Assume actual Direct Labor hours are 2,600 hours, the Variable MOH predetermined application rate...
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Accounting
1. Assume actual Direct Labor hours are 2,600 hours, the Variable MOH predetermined application rate is $2 per direct labor hour. Variable MOH is applied to the 1,200 units actual produced at 2 hours per unit and a predetermined application rate of $2 per direct labor hour. What is the Variable MOH Efficiency (quantity) variance?
| a. | $1,400 U |
| b. | $400 U |
| c. | $1,400 F |
| d. $400 F
2. Assume Actual Fixed MOH is 196,000. Budget Fixed MOH is based on 4 direct labor hours per unit at a predetermined overhead rate of $6 per direct labor hour. MOH was applied based on 8,000 units budgeted. What is the Fixed MOH spending (price) variance?
|
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