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 3.40

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

Standard hours per unit of output

3.40

hours

Standard variable overhead rate

$10.75

per hour

The following data pertain to operations for the last month:

Actual hours

9,200

hours

Actual total labor cost

$95,800

Actual output

2,500

units

What is the variable overhead rate variance for the month? (Do not round intermediate calculations.)
A.

$3,100 U
B.

$3,381 F
C.

$3,100 F
D.

$3,381 U

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:

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:

Suppose that in the fixed-income securities market, the one-year, two-year, and three-year spot interest rates are 7.000%, 7.250%, and 7.500%, respectively. [That is, RM0.1 = 7.000%, RMrkt 2 =...

Q:

IFL has recently developed sales of 'Fleur' Perfume in a recyclable atomiser which is sold alongside the companies traditional products of bottles of 'Fleur' Perfume and bottles of 'Rose' Perfume....

Q:

Growth equity strategies can be used to achieve which of the following goals for a client? Growth Capital preservation Inflation protection Income

Q:

Which of the following is not typically considered a cure for poor competitiveness? Multiple Choice

Q:

Words and phrases can have connotative meanings not only in business communication but also in classroom communication. For each item in the following list, identify what a teacher might mean when he...

Q:

Global. Select a culture other than your own. Gather information on that cultures values, attitudes, biases, and viewpoints. As your instructor directs, interview a student or faculty member from...

Q:

Prepare a one- to two-minute oral presentation in which you explain the senders and receivers roles in the communication process. As your instructor directs, deliver your presentation to another...