7 A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 4.40 direct labor-hours Standard variable overhead rate $11.55 per direct labor-hour X 01:35:46 The following data pertain to operations for the last month: Actual direct labor-hours 8, 800 direct labor-hours Actual total variable manufacturing overhead cost $ 95,910 eBook Actual output 1, 900 units What is the variable overhead rate variance for the month? Multiple Choice O $6,011 F O $5,730 U O $6,011 U n $5,730 F8 Which of the following statements is true? I. Incentive compensation for employees, such as bonuses, should be tied to balanced scorecard performance measures only if managers are confident that the performance measures are easily manipulated by those being evaluated. Il. If the balanced scorecard is correctly constructed, the performance measures should be independent of each other so that bad performance on one measure will not result in bad performance on 01:35:13 another performance measure. eBook Multiple Choice Only statement | Is true. O Only statement II is true. O Neither statement Is true. O Both statements are true