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The following data has been provided by Moretta Corporation, a company that produces forklift trucks: Budgeted production...

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Accounting

The following data has been provided by Moretta Corporation, acompany that produces forklift trucks:

Budgeted production                        3400 trucks

Standard machine-hours per truck    2.9machine-hours

Standard suppliescost                         $1.50 per machine hour

Actualproduction                                  3800 trucks

Actualmachine-hours                           10930 machine-hours

Actual supplies cost(total)                    $17496

Supplies cost is an element of variable manufacturing overhead.The variable overhead efficiency variance for supplies cost is:

A) $135 U

B) $135 F

C) $966 U

D) $966 F

Answer & Explanation Solved by verified expert
3.7 Ratings (315 Votes)

B) $135 F
Standard Actual
Particulars Hours Rate amount Hours Rate amount
Overhead           11,020.00                      1.50           16,530.00           10,930.00                 1.6007           17,496.00
Actual output             3,800.00
Labour hrs reqd (3800 * 2.9)           11,020.00
VOEV = (SH-AH)SR
VOEV = (11,020 - 10,930)1.50
VOEV = (90)1.50
VOEV = 135 F

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