Question: The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 6.4

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output 6.4 hours
Standard variable overhead rate $ 12.80 per hour

The following data pertain to operations for the last month:

Actual hours 2,650 hours
Actual total variable manufacturing overhead cost $ 34,570
Actual output 150 units

What is the variable overhead efficiency variance for the month?

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!

Q:

As of June 30, 2022 (the computation date for the 2023 tax rate), Sanchez Company had a negative balance of $1,190 in its unemployment reserve account in State A. The companys average payroll over...

Q:

QUESTION 16 A material price variance is shown by O (AP-SP) O PQ (AP- SP O (PO -SQ) (AP - SP QUESTION 17 The following standards for variable manufacturing overhead have been established for a...

Q:

The following standards for variable manufacturing overhead have been established for a company that makes only on Standard hours per unit of output Standard variable overhead rate 1.2 hours $19.80...

Q:

50) The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output Standard variable overhead rate 8.1...

Q:

The following standards for variable manufacturing overhead have been established for a company that makes only one hours per unit of output 5.8 hours Stan Standard variable overhead rate$12.20 per...

Q:

Q.1 6,000 hours 1,400 hours 5,400 hours 4,650 hours Q.2 14,465 U 13,865 U 600 U 15,930 F Q.3 3,910 F 2,860 U 3,910 U 2,860 F Q.4 The variable overhead rate variance for march is: 3,036 F 3,593 U...

Q:

1. When more hours of labor time are necessary to complete a job than the standard allows, the labor rate variance is unfavorable. A) True B) False 2. Standard costs should generally be based on the...

Q:

I need all three of these 20 question multiple choice question tests answered. Student ID: 22039100 Exam: 061402RR - Budget Analysis and Performance Measurement in Decision Maki When you have...

Q:

I need all three of these 20 question multiple choice question tests answered. Student ID: 22039100 Exam: 061402RR - Budget Analysis and Performance Measurement in Decision Maki When you have...

Q:

I need all three of these 20 question multiple choice question tests answered. Student ID: 22039100 Exam: 061402RR - Budget Analysis and Performance Measurement in Decision Maki When you have...

Q:

The following standards for variable manufacturing overhead have been established for a company that makes only one product: 28) Standard hours per unit of output Standard variable overhead rate $...

Q:

KUALA LUMPUR (May 24): The first Light Rail Transit (LRT) project here began its operation in December 1996 under Phase 1 between the Ampang and Sultan Ismail stations, which was known as STAR LRT...

Q:

The total cost after 8 months' membership will be $3100, and after 1.5 years, $3850. Find both 1. To join the Grand Rapids University Club there is an initiation fee, as well as a monthly dues, the...

Q:

regarding proper ethical accounting guidelines, which of the following is correct under no circumstance should a question on a tax return be left and answered If a client has made a mistake in a...

Q:

Python 4. Unit 4 1. Create a function that prompts the user to enter their weight and store that in a variable called weight. 2. Create a function that prompts the user to enter their height, in...