Question: Check my work E9-13 (Algo) Calculating Variable Manufacturing Overhead Variances (LO 9-5] Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis
Check my work E9-13 (Algo) Calculating Variable Manufacturing Overhead Variances (LO 9-5] Lamp Light Limited (LLL) manufactures lampshades. It applies variable overhead on the basis of direct labor hours. Information from LLU's standard cost card follows: Standard Standard Standard Quantity Unit Cost Variable manufacturing 0.6 $0.80 $0.48 overhead Rate During August, LLL had the following actual results: Unico produced and sold 24,000 Actual variable overhead $9,390 Atual direct labor hours 15,000 Required: Compute Liu's variable overhead rate variance, variable overhead efficiency variance, and over-or underapplied variable overhead. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (ie, zero variance).) Variable Overhead Rato Varianco Variable Overhead Elficiency Variance Variable Overhead Spending Variance
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
