Stopyra Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has...
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Accounting
Stopyra Incorporated makes a single product--a cooling coil used in commercial refrigerators. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below:
Budgeted variable manufacturing overhead
$ 28,200
Budgeted fixed manufacturing overhead
$ 89,280
Budgeted hours
12,000
labor-hours
Actual production (a)
16,000
units
Standard hours per unit (b)
0.60
labor-hours
Standard hours allowed for the actual production (a) (b)
9,600
labor-hours
Actual variable manufacturing overhead
$ 26,967
Actual fixed manufacturing overhead
$ 74,280
Actual hours
8,900
labor-hours
The variable overhead efficiency variance is:
Multiple Choice
$1,645 U
$2,121 U
$1,645 F
$2,121 F
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