Question: The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 5.6 hours

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

Standard hours per unit of output 5.6 hours
Standard variable overhead rate $14.00 per hour

The following data pertain to operations for the last month:

a.

What is the variable overhead rate variance for the month? (Input the amount as a positive value. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance.)

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