calculate the efficiency variance for variable overhead setup costs

Setup overhead costs consist of some costs that are variable and some costs that are fixed with respect to the number of setup-hours. The following information pertains to June 2015: Units produced and sold Batch size (number of units per batch) Setup-hours per batch Variable overhead cost per setup hour Total fixed setup overhead costs Budget Amounts 10,000 400 6 $50 $18,000 Actual Amounts 9,000 375 5.5 $52 $17,750 40) Calculate the efficiency variance for variable overhead setup costs. A) $150 favorable B) $114 favorable C) $264 unfavorable D) $264 favorable 41) is a method of inventory costing in which all variable manufacturing costs and all fixed manufacturing costs are included as inventoriable costs. A) Variable costing B) Mixed costing C) Absorption costing D) Standard costing I Tinited States Focus