Question: A company using standard costing allocates variable manufacturing overhead (VMOH) using direct-labor hours consumed by its products. If the efficiency variance for direct labor for

A company using standard costing allocates variable manufacturing overhead (VMOH) using direct-labor hours consumed by its products. If the efficiency variance for direct labor for a particular product is $20,000 (U) for a particular period, the efficiency variance for the product’s VMOH for that period is

$20,000 (U)
$20,000 (F)Unfavorable but dollar magnitude may be different
Favorable but dollar magnitude may be different

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