A company has determined that the standard for mabor is 2 direct labor hours per...

60.1K

Verified Solution

Question

Accounting

A company has determined that the standard for mabor is 2 direct labor hours per unit produced. The variable overhead application rate is $1 per direct labor hour. If tbe company produces 1,000 units with 1900 direct labor hours and the actual variable overhead is $2,200, what is the variable overhead efficiency variance?
Select one:
a. $300 favorable
b. $300 unfavorable
c. $80 favorable
d. $80 unfavorable
image
Ivy Software ered A company has determined that the standard for labor is 2 direct labor hours per unit produced. The variable overhead application rate is 1 per direct labor hour. If the company produces 1000 units with 1900 direct labor hours and the actual variable overhead is $2200. what is the variable overhead efficiency variance? Select one 02.5300 favorable b. 5300 unfavorable O c 580 favorable d. 550 unfavorable Next page

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students