Question: The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 5.3 hours

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


Standard hours per unit of output	5.3	hours
Standard variable overhead rate	$15.00	per hour

The following data pertain to operations for the last month:

Actual hours

9,000

hours

Actual total variable overhead cost

$125,080

Actual output

1,680

units

Required:

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.)

What is the variable overhead efficiency 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.)

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!

1. The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output - 9.7 hours Standard variable overhead rate - 13.90...

Saalfrank Corporation is considering two alternatives that are code-named M and N. Costs associated with the alternatives are listed below: Supplies costs Assembly costs Power costs Inspection costs...

The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output 5.7 hours Standard variable overhead rate $ 13.95 per...

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...

The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output4.4hoursStandard variable overhead rate$16.00per hour...

The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output5.5hoursStandard variable overhead rate$14.00per hour...

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

Variable OH Variances The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output Standard variable overhead rate...

What major historical event in American history depicted the issue of federalism?

What recommendations do you offer to raise its gender equality, ethics and inclusive programs? Who (female) do you recommend to be on their corporate board? What type of ethical climate do you...

Which of the following would be reported as an Asset with Restrictions on Use? Multiple Choice 0 : 1 9 : 5 4 A cash contribution for a program activity. such as diabetes research Cash restricted by...

On December 31, 2025, Splish Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Splish Co. agreed to accept a $320,800 zero-interest-bearing note due...

=+List the advantages and disadvantages of working in teams and describe the characteristics of effective teams

=+14. Albert Edmunds and me are Owners of the real estate firm of Edmunds & Cale, which have recently opened a new office in San Diego co.

=+5. Gerrald Higgins, vice president for marketing, told us reporters that Capital One provides financial services to one-fourth of homes in the United States.