Question
16,Materials Price Var.$2,000 Unf.Variable Overhead Spend.Var.$1,800Fav. Materials Quantity Var. $6,000 Fav.Variable Overhead Effic. Var.$2,500Fav. Labor Rate Variance$1,500 Unf.Fixed Overhead Budget Var.$1,000 Unf. Labor Efficiency Var.$4,000
16,Materials Price Var.$2,000 Unf.Variable Overhead Spend.Var.$1,800Fav.
Materials Quantity Var. $6,000 Fav.Variable Overhead Effic. Var.$2,500Fav.
Labor Rate Variance$1,500 Unf.Fixed Overhead Budget Var.$1,000 Unf.
Labor Efficiency Var.$4,000 Fav.Fixed Overhead Volume Var.$5,000 Fav.
The company may have used direct labor hours as its cost driver for overhead.
Group of answer choices
True
False
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Financial and Managerial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
3rd edition
978-1-119-3916, 1119392132, 1119392136, 9781119391609, 1119391601, 978-1119392132
