Kennedy Co. used 13759 machine-hours during January. The standard is 0.90 machine-hours to produce 1 unit, and Kennedy produced 13759 units during January. Budgeted variable manufacturing overhead cost per unit of output is $20.30. What is the variable overhead efficiency variance for Kennedy? Note that a negative number indicates an unfavourable variance.

Select one:

a. $31034

b. $-31034

c. $27931

d. $251377

5

Lola Inc. produces a product with the following revenue structure:

	Selling price	$86.34

The actual results at the end of the year, December 31, 20x9, are given below:

	Actual selling price	$82.53
	Variable cost per unit	20.51
	Actual volume	29614

What is Lolas sales price variance for the year 20x9? Note: a negative number represents an unfavourable variance and a positive number represents a favourable variance.

Select one:

a. $1836660

b. $-112829

c. $2444043

d. $112829