Question 22 (4 points) Ch. 10-Caterpillar Corporation has a standard cost system in which it applies...

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Question 22 (4 points) Ch. 10-Caterpillar Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Standard variable manufacturing overhead rate Actual level of activity Actual total variable manufacturing overhead Actual Variable Overhead Rate 8300 8500 MHs MHs $ 7.00 per MH $ 57,120 $ 6.72 per MH What was the variable overhead rate variance for the month? A) $1400 Unfavorable C) $980 Favorable B) $2380 Favorable D) $1429 Favorable Question 22 (4 points) Ch. 10-Caterpillar Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Standard variable manufacturing overhead rate Actual level of activity Actual total variable manufacturing overhead Actual Variable Overhead Rate 8300 8500 MHs MHs $ 7.00 per MH $ 57,120 $ 6.72 per MH What was the variable overhead rate variance for the month? A) $1400 Unfavorable C) $980 Favorable B) $2380 Favorable D) $1429 Favorable