Question: Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 2.2 hours per unit. The variable overhead

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 2.2 hours per unit. The variable overhead rate standard is $15.00 per hour. In September, the company produced 1,050 units using 2,300 direct labor-hours. The actual variable overhead rate was $17.10 per hour. The variable overhead efficiency variance for September is:

a. $171 U

b. $150 U

c. $171 F

d. $150 F

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 1.8 hours per unit. The variable overhead rate standard is $13.00 per...

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 1.3 hours per unit. The variable overhead rate standard is $10.50 per...

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead rate standard is $5.00 per...

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 2.1 hours per unit. The variable overhead rate standard is $14.50 per...

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead rate standard is $5.00 per...

45. Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.7 hours per unit. The variable overhead rate standard is $7.50...

Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead rate standard is $5.00 per...

On January 1, 2011, Park Corporation sold a $600,000, 7.5 percent bond issue (8.5 percent market rate). The bonds were dated January 1, 2011, pay interest each June 30 and December 31, and mature in...

Problem: The following data represents the estimated vales about CPI (Base: 2010-2011) on Food and Non-food items for the period July, 2019 to May 2020. Sl.No. 1 2 3 4 5 6 7 8 9 10 11 Month July...

18. Which one of the following best describes a recession? (LO1 , 2 ) a) A slowing of real GDP growth b) A rise in unemployment accompanied by a decline in total employment c) A decline in real GDP...

Students are required to read the Sales Excellence Pocketbook, which is about personal selling. It is a comprehensive guide that will help the students to understand personal selling in depth. It is...

Explain the Standard Occupational Classification (SOC) and the Occupational Information Network (O*NET)

Define recruitment.

Identify external recruitment sources.