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 7

The following standards for variable manufacturing overhead have been established for a company that makes only one product:
Standard hours per unit of output7.6hoursStandard variable overhead rate$ 14.00per hour
The following data pertain to operations for the last month:
Actual hours2,800hoursActual total variable manufacturing overhead cost$ 39,910Actual output150units
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:

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:

10 This question will be sent to your instructor for grading. The following standards for variable overhead have been established for a company that makes only one product Standard hours per unit of...

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:

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:

Blue Corporation's standards call for 4,725 direct labor-hours to produce 1,350 units of product. During May 1,000 units were produced and the company worked 1,250 direct labor-hours. The standard...

Q:

Blue Corporation's standards call for 6,650 direct labor-hours to produce 1,900 units of product. During May 1,600 units were produced and the company worked 1,800 direct labor-hours. The standard...

Q:

Use the following to answer questions 16-20: Justin's Plant Store, a retailer, started operations on January 1. On that date, the only assets were $16,000 in cash and $3,500 in merchandise inventory....

Q:

Use the following to answer questions 16-20: Justin's Plant Store, a retailer, started operations on January 1. On that date, the only assets were $16,000 in cash and $3,500 in merchandise inventory....

Q:

The Wright Company has a standard costing system. The following data are available for September: Actual quantity of direct materials purchased 20,000 pounds Standard price of direct materials $7 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:

On 9 May 2019, during a game of cricket against the North Sydney Bears at North Sydney Oval, a batsman from the Burwood Briars Brothers, the visiting team hit the ball for six. The batsman hit the...

Q:

Using the data file Housing Starts, estimate autoregressive models of orders 1 through 4. Use the method of this section to test the hypothesis that the order of the autoregression is p 1 against...

Q:

whwn a company shifts from a trafitionsl cost system in which manufacturing overhead is applied based on direct labor - hours

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....