If variable manufacturing overhead is applied on the basis...

70.2K

Verified Solution

Question

Accounting

image

If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: the actual variable overhead rate exceeded the standard rate. the standard direct labor-hours allowed for the actual output exceeded the actual hours. the standard variable overhead rate exceeded the actual rate. the actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output

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