Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Compute the variable overhead efficiency variance. Answer choices are: A. 54 F B. 54 U C. 60 F D. 60 U . Q6. Kibodeaux Corporation
Compute the variable overhead efficiency variance. Answer choices are: A. 54 F B. 54 U C. 60 F D. 60 U . Q6. Kibodeaux Corporation makes a product with the following standard costs: Inputs.... Standard Quantity Standard Price or Standard Cost or Hours Rate Per Unit Direct materials............ 9.8 liters $5.00 per liter $49.00 Direct labor.............. 0.1 hours $22.00 per hour $2.20 Variable overhead ........ 0.1 hours $3.00 per hour $0.30 The company budgeted for production of 3,300 units in June, but actual production was 3,400 units. The company used 33,240 liters of direct material and 320 direct labor-hours to produce this output. The company purchased 35,900 liters of the direct material at $4.90 per liter. The actual direct labor rate was $22.70 per hour and the actual variable overhead rate was $2.70 per hour. The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. Compute the variable overhead efficiency variance
Compute the variable overhead efficiency variance.
Answer choices are:
A. 54 F
B. 54 U
C. 60 F
D. 60 U
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started