Lamp Light Limited LLL manufactures lampshades It applies variable overhead
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

Compute LLL’s variable overhead rate variance, variable overhead efficiency variance, and over or under-applied variableoverhead.
Membership TRY NOW
  • Access to 800,000+ Textbook Solutions
  • Ask any question from 24/7 available
  • Live Video Consultation with Tutors
  • 50,000+ Answers by Tutors
Relevant Tutors available to help