CHAPTER 9 Standard Costing a E9-11 calculating Variable Manufacturing Overhead Variances ght Limited (LLL) manufactures...
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CHAPTER 9 Standard Costing a E9-11 calculating Variable Manufacturing Overhead Variances ght Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of labor hours. Information from LLL's standard cost card follows: direct Variable manufacturing overhead 0.6 $0.80 $0.48 During August, LLL had the following actual results: Units produced and sold Actual variable overhead Actual direct labor hours 25,000 $9,490 16,000 Required: Compute LLL's variable overhead rate variance, variable overhead efficiency variance, and over- or underapplied variable overhead
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