Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume the following: The variable portion of the predetermined overhead rate is $ 1 . 5 0 per direct labor - hour. The standard labor

image text in transcribed
Assume the following:
The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour.
The standard labor-hours allowed per unit of finished goods is 3 hours.
The actual quantity of labor hours worked during the period was 43,450 hours.
The total actual variable manufacturing overhead cost for the period was $63,000.
The company produced 15,000 units of finished goods during the period.
What is the variable overhead rate variance?
Multiple Choice
$4,500U
$2,175 F
$4,500 F
$2,175 U
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

10th Canadian edition Volume 2

978-0134213118, 134213114, 133855384, Google Book, 978-0133855388

More Books

Students also viewed these Accounting questions

Question

Be prepared to discuss your career plans.

Answered: 1 week ago

Question

The role of human resource management within an orgisation

Answered: 1 week ago