Question
Grant Co. uses the following standard to produce a single unit of its product: Variable overhead (1.30 hrs. per unit @ $3.60/hr.) Actual data for
Grant Co. uses the following standard to produce a single unit of its product: Variable overhead (1.30 hrs. per unit @ $3.60/hr.) Actual data for the month show total variable overhead costs of $116,340, and 23,000 units produced. The total variable overhead variance is:
Multiple Choice
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$8,700F.
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$8,700U.
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$58,415U.
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$58,415F.
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$0
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Accounting A Smart Approach
Authors: Mary Carey, Cathy Knowles, Jane Towers-Clark
3rd Edition
0198745133, 978-0198745136
