Plato Company began operations on June $1,2024.$ For its first month

of operations, Plato Company established the following standards for

one unit of its single product

standard quantity standard price

direct materials $7$ pounds $$14$ per pound

direct labor $8$ hours $$17$ per hour

variable overhead $8$ hours $$11$ per hour

Plato Company reported the following information for June:

$1.7,000$ pounds of direct materials were purchased at a total cost

of $$113,750.$

$2.5,400$ direct labor hours were worked at a total cost of $$75,600.$

$3.$ The variable overhead cost for the month totaled $$52,950.$

$4.640$ units were produced.

$5.$ At June $30,$ Plato Company had $3,200$ pounds of direct materials on

hand.

Calculate the variable overhead efficiency variance for June.

If the variance is favorable, place a minus sign in front of your answer

$($i$.$e$.,-5000).$ If the variance is unfavorable, simply enter your answer

as a number $($i$.$e$.,5000).$

Answer rating: 100% (QA)

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