Question: HELP ! TB MC Qu. 10-122 Fluegge Inc. has provided the following dato.. Fluegge Inc has provided the following data conceming one of the products


TB MC Qu. 10-122 Fluegge Inc. has provided the following dato.. Fluegge Inc has provided the following data conceming one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours Standard Quantity or Hours per Unit of Output Standard Price or 5.48 per liter $28.60 per hour 5.50 per hour S.7 liters 0.78 hours 0.70 hours Direct materials Direct labor Variable manufacturing overhead The company has reported the following actual results for the product for December Actual output Raw materials purchased Actual price of raw materials Actual cost,of raw materials purchased Raw materials ued in production Actual direct labor-hours 4,100 units 25,100 liters $4.80 per liter $128,480 23,360 liters 2,700 hours s 21.20 per hour Actual direct labor rate 9-13& App. 10A 10B,12A) 6 Saved $ 21 .2 per hour 57,248 $5.90 per hour 15,930 Actual direct labor rate Actual direct labor cost Actual variable overhead rate Actual variable overhead cost The labor rate variance for the month is closest to: Multiple Choice , $1,722 U $1722 F $1,620 F $1,722U :57 $1,722 F $1,620 F $1,620 U
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