A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 7.2 direct labor-hours Standard variable overhead rate $14.20 per direct labor-hour The following data pertain to operations for the last month: Actual direct labor-hours 5,100 direct labor-hours Actual total variable manufacturing overhead cost $ 72,165 Actual output 600 units What is the variable overhead rate variance for the month?

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 7.2 direct labor-hours Standard variable overhead rate $14.20 per direct labor-hour The following data pertain to operations for the last month: Actual direct labor-hours 5,100 direct labor-hours Actual total variable manufacturing overhead cost $ 72,165 Actual output 600 units What is the variable overhead rate variance for the month?

Name: A manufacturing company that has only one product has established the
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Description: A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variablemanufacturing overhead standards on direct labor-hours.Standard hours per unit of output

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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