Question 53 (5 points) The follnimino data hava hoan takan fram the arrnuntino rarnrde of Karmint Corpor The cost of the raw materials used in production during the year (in thousands of dollars) was: a) $180,000. b) $160,000. c) $140,000. d) $200,000. e) $187,000. Dian Company uses a standard cost system in which it applies factory overhead on the basis of direct labor-hours. Two direct labor-hours are required for each unit produced. The following was budgeted for the year: Company used 17,200 hours of direct labor hours for production of 8,500 units during the year. Actual variable factory overhead cost incurred was $108,500 and actual fixed factory overhead cost was $28,000. The variable overhead efficiency variance for the period was: a) $5,300 unfavorable. b) $1,200 unfavorable. c) $1,500 unfavorable. d) $6,500 unfavorable. e) $1,700 unfavorable. Dian Company uses a standard cost system in which it applies factory overhead on the basis of direct labor-hours. Two direct labor-hours are required for each unit produced. The following was budgeted for the year: Company used 17,200 hours of direct labor hours for production of 8,500 units during the year. Actual variable factory overhead cost incurred was $108,500 and actual fixed factory overhead cost was $28,000. The variable overhead spending variance for the period was: a) $5,300 unfavorable. b) $1,200 unfavorable. c) $6,300 unfavorable. d) $6,500 unfavorable. e) $5,800 unfavorable. Dian Company uses a standard cost system in which it applies factory overhead on the basis of direct labor-hours. Two direct labor-hours are required for each unit produced. The following was budgeted for the year: Company used 17,200 hours of direct labor hours for production of 8,500 units during the year. Actual variable factory overhead cost incurred was $108,500 and actual fixed factory overhead cost was $28,000. The variable overhead efficiency variance for the period was: a) $5,300 unfavorable. b) $1,200 unfavorable. c) $1,500 unfavorable. d) $6,500 unfavorable. e) $1,700 unfavorable