A companys standard for a unit of its single product is $6 per unit in variable overhead

Question:

A company’s standard for a unit of its single product is

$6 per unit in variable overhead (4 hours × $1.50 per hour).

Actual data for the period show variable overhead costs of

$150,000 and production of 24,000 units. Its total variable overhead cost variance is

a. $6,000 F.

c. $114,000 U.

e. $0.

b. $6,000 U.

d. $114,000 F.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Managerial Accounting

ISBN: 9781259726972

6th Edition

Authors: John Wild, Ken Shaw

Question Posted: