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Lamp Light Limited ( LLL ) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL ' s standard
Lamp Light Limited LLL manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information
from LLLs standard cost card follows:
During August, LLL had the following actual results:
Required:
Compute LLLs variable overhead rate variance, variable overhead efficiency variance, and over or underapplied variable
overhead.
Note: Do not round intermediate calculations. Indicate the effect of each variance by selecting F for favorable, U for
unfavorable, and "None" for no effect ie zero variance
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