Freytag Corporation's variable overhead is applied on the basis of direct labor-hours. The company has...
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Freytag Corporation's variable overhead is applied on the basis of direct laborhours. The company has established the following variable overhead standards for product NC: Standard direct laborhours hours per unit of NC Standard variable overhead rate $ per hour The following data pertain to the most recent month's operations during which units of product NC were made: Actual direct laborhours worked Actual variable overhead incurred $ Required: What was the variable overhead rate variance for the month? What was the variable overhead efficiency variance for the month? Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
Freytag Corporation's variable overhead is applied on the basis of direct laborhours. The company has established the following variable overhead standards for product NC:
Standard direct laborhours hours per unit of NC
Standard variable overhead rate $ per hour
The following data pertain to the most recent month's operations during which units of product NC were made:
Actual direct laborhours worked
Actual variable overhead incurred $
Required:
What was the variable overhead rate variance for the month?
What was the variable overhead efficiency variance for the month?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
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