Question

Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLL’s standard cost card follows:


During August, LLL had the following actual results:
Units produced and sold .... 25,000
Actual variable overhead .... $9,490
Actual direct labor hours .... 16,000

Required:
Compute LLL’s variable overhead rate variance, variable overhead efficiency variance, and over or under-applied variableoverhead.


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  • CreatedFebruary 27, 2015
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