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Will rate The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead
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The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead cost to outputs:
Actual total factory overhead cost incurred | $ | 35,000 | |
Actual fixed overhead cost incurred | $ | 11,000 | |
Budgeted fixed overhead cost | $ | 10,000 | |
Actual machine hours | 9,000 | ||
Standard machine hours allowed for the units manufactured | 4,100 | ||
Denominator volumemachine hours | 3,500 | ||
Standard variable overhead rate per machine hour | $ | 3 | |
The variable factory overhead efficiency variance, to the nearest dollar, is:
The following information for the past year is available from Thinnews Co., a company that uses machine hours to apply standard factory overhead cost to outputs: Actual total factory overhead cost incurred Actual fixed overhead cost incurred Budgeted fixed overhead cost Actual machine hours Standard machine hours allowed for the units manufactured Denominator volume-machine hours Standard variable overhead rate per machine hour $35,000 $11,000 $10,000 9,000 4,100 3,500 $ 3 The variable factory overhead efficiency variance, to the nearest dollar, is: Multiple Choice $15,100 favorable o $15.600 favorable. a $15,500 unfavorable. $14,700 unfavorable. $16,200 favorable
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