Question: QUESTION Jones Company allocates manufacturing overhead based on machine hours. Each chair produced should require 3 machine hours. Standard variable cost per machine hour is

QUESTION

Jones Company allocates manufacturing overhead based on machine hours. Each chair produced should require 3 machine hours. Standard variable cost per machine hour is $5.00.

During January, Jones Company actually used 1,100 machine hours to make 410 chairs. The company spent $5,720 in variable manufacturing overhead costs and $8,100 in fixed manufacturing overhead costs.

What is the variable overhead cost variance?

ANSWER

$220 U
$650 F
$220 F
$650 U
I DON'T KNOW YET

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