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Dirickson Inc. has provided the following data concerning one of the products in its standard...

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Accounting

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Dirickson Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Inputs Direct materials Direct labor Variable manufacturing overhead Standard Quantity or Hours per Unit of Output 7.6 ounces Standard Price or Rate $ 9.40 per ounce $18.00 per hour $ 5.30 per hour 0.10 hours 0.10 hours The company has reported the following actual results for the product for July: Actual output Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 7,600 units 63,000 ounces $541,800 57,750 ounces 820 hours s 16,072 $ 4,592 The variable overhead efficiency variance for the month is closest to: Multiple Choice $318 F Raw materials purchased Actual cost of raw materials purchased Raw materials used in production Actual direct labor-hours Actual direct labor cost Actual variable overhead cost 63,000 ounces $541,800 57,750 ounces 820 hours s 16,072 $ 4,592 The variable overhead efficiency variance for the month is closest to: Multiple Choice $318 F $336 F 318 U $336 U

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