A) The Maxit Corporation has a standard costing system in which variable manufacturing overhead is...
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A The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machinehours. The following data are available for July: Actual variable manufacturing overhead cost incurred: $ Actual machinehours worked: hours Variable overhead rate variance: $ U Total variable overhead spending variance: $ UThe variable overhead efficiency variance for July is:Multiple Choice $ F $ F $ U $ UBGipple Corporation makes a product that uses a material with the quantity standard of grams per unit of output and the price standard of $ per gram. In January the company produced units using grams of the direct material. During the month the company purchased grams of the direct material at $ per gram. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for January is:Multiple Choice $ U $ F $ F $ UCChhom Corporation makes a product whose direct labor standards are hours per unit and $ per hour. In November the company produced units using direct laborhours. The actual direct labor cost was $The labor efficiency variance for November is:Multiple Choice $ F $ F $ U $ U
A The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machinehours. The following data are available for July: Actual variable manufacturing overhead cost incurred: $ Actual machinehours worked: hours Variable overhead rate variance: $ U Total variable overhead spending variance: $ UThe variable overhead efficiency variance for July is:Multiple Choice $ F $ F $ U $ UBGipple Corporation makes a product that uses a material with the quantity standard of grams per unit of output and the price standard of $ per gram. In January the company produced units using grams of the direct material. During the month the company purchased grams of the direct material at $ per gram. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for January is:Multiple Choice $ U $ F $ F $ UCChhom Corporation makes a product whose direct labor standards are hours per unit and $ per hour. In November the company produced units using direct laborhours. The actual direct labor cost was $The labor efficiency variance for November is:Multiple Choice $ F $ F $ U $ U
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