Answered step by step
Verified Expert Solution
Question
1 Approved Answer
will thmbs up for help :) Venus Company applies overhead based on direct labor hours. The variable overhead standard is 13.50 hours at $7.00 per
will thmbs up for help :)
Venus Company applies overhead based on direct labor hours. The variable overhead standard is 13.50 hours at $7.00 per hour. During October, Venus Company spent $412,600 for variable overhead. 59,940 labor hours were used to produce 4.490 units. What is the variable overhead efficiency variance? Multiple Choice $6.980 favorable Cr $4.725 favorable $11.705 favorable $4725 unfavorable Bonnie Company has a direct labor standard of 25 hours per unit of output. Each employee has a standard wage rate of 534 per hour. The standard variable overhead rate is $20 per hour During March, employees worked 14100 hours. The direct labor rate variance was $10,170 favorable, the variable overhead rate variance was $14,100 unfavorable, and the direct labor efficiency variance was $16.400 unfavorable. What is the variable overhead efficiency variance? Multiple Choice S14100 unfavorable $9,647 unfavorable $23,747 unfavorable $9,647 favorable Step 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