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During the past year, Madison Company, which uses a standard costing system, applied its variable manufacturing overhead (VMOH) costs to products using machine hours (MHS)
During the past year, Madison Company, which uses a standard costing system, applied its variable manufacturing overhead (VMOH) costs to products using machine hours (MHS) as the allocation base. Additional information for the year just ended is: Standard VOH rate $ 6.00 per standard MH Actual Results: Total VMOH cost $ 66,824 VMOH Efficiency Variance $ 2,840 Favorable VMOH Rate Variance $ 1,264 Unfavorable 4 If Madison's standards call for 2 MHs per unit, actual units produced for the year were: A 11,400 units B. 5,700 units C. 5,911 units D. 5,227 units E. None of above
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