Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Descamps Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on
Descamps Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs | Standard Quantity or Hours per Unit of Output | Standard Price or Rate |
Variable manufacturing overhead | 0.20 hours | $6.10 per hour |
The company has reported the following actual results for the product for July:
Actual output | 4,200 | units | |
Actual direct labor-hours | 780 | hours | |
Actual variable overhead rate | $ | 6.20 | per hour |
The variable overhead efficiency variance for the month is closest to: favorable or unfavorable?
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