Question
Venus Company applies overhead based on direct labor hours. The variable overhead standard is 9 hours at $4.60 per hour. During October, Venus Company spent
Venus Company applies overhead based on direct labor hours. The variable overhead standard is 9 hours at $4.60 per hour. During October, Venus Company spent $236,800 for variable overhead. 52,940 labor hours were used to produce 5,900 units. What is the variable overhead rate variance?
Multiple Choice
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$736 favorable
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$7,460 favorable
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$736 unfavorable
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$6,724 favorable
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Research Methods For Accounting And Finance Global Management Series
Authors: Audrey Paterson, Kevin D. Ogorman, David Leung, Robert Macintosh, William Jackson
1st Edition
1910158895, 978-1910158890
