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Compute the variable overhead rate variance. Answer choices are: A. 96 U B. 102 F C. 96 F D. 102 U Q5. Kibodeaux Corporation makes
Compute the variable overhead rate variance. Answer choices are: A. 96 U B. 102 F C. 96 F D. 102 U Q5. 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 hour's $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 rate variance
Compute the variable overhead rate variance.
Answer choices are:
A. 96 U
B. 102 F
C. 96 F
D. 102 U
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