Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer i will give a good rate Assume the following information appears in the standard cost card for an organization that makes only one
please answer i will give a good rate
Assume the following information appears in the standard cost card for an organization that makes only one product: During the most recent period, the following additional information was avallable: - 20,000 pounds of materlal was purchased at a cost of $10.50 per pound. - All of the materlal that was purchased was used to produce 3,900 units. - 8,000 direct labor-hours were recorded at a total cost of $132,000. - The actual varlable overhead cost Incurred during the perlod was $25,000. Assuming an organization uses direct labor-hours to compute its predetermined overhead rate, what is the varlable overhead spending varlance Multiple Choice $1,600 $1,000F $1,000 $1,600F Assume the following: - The varlable portion of the predetermined overhead rate is $1.50 per direct labor-hour. - The standard labor-hours allowed per unit of finished goods is 3 hours. - The actual quantity of labor hours worked during the perlod was 43,400 hours. - The total actual varlable manufacturing overhead cost for the period was $63,000. - The company produced 15,000 units of finished goods during the period. What is the varlable overhead rate varlance? Multiple Choice $4,500 $2,100F $2,100U $4,500FStep 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