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Assume the following: ⚫ The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. . ⚫ The actual quantity of labor hours worked during the period was 43,200 hours. . • The total actual variable manufacturing overhead cost for the period was $63,000. • The company produced 15,000 units of finished goods during the period. What is the variable overhead rate variance? Multiple Choice О $1,800 F О $1,800 U $4,500 U $4,500 F

Assume the following: ⚫ The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. . ⚫ The actual quantity of labor hours worked during the period was 43,200 hours. . • The total actual variable manufacturing overhead cost for the period was $63,000. • The company produced 15,000 units of finished goods during the period. What is the variable overhead rate variance? Multiple Choice О $1,800 F О $1,800 U $4,500 U $4,500 F

FINANCIAL ACCOUNTING
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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Assume the following: ⚫ The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. . • The actual quantity of labor hours worked during the period was 43,200 hours. . • The total actual variable manufacturing overhead cost for the period was $63,000. ⚫ The company produced 15,000 units of finished goods during the period. What is the variable overhead rate variance? Multiple Choice О $1,800 F о $1,800 U $4,500 U $4,500 F
Transcribed Image Text:Assume the following: ⚫ The variable portion of the predetermined overhead rate is $1.50 per direct labor-hour. • The standard labor-hours allowed per unit of finished goods is 3 hours. . • The actual quantity of labor hours worked during the period was 43,200 hours. . • The total actual variable manufacturing overhead cost for the period was $63,000. ⚫ The company produced 15,000 units of finished goods during the period. What is the variable overhead rate variance? Multiple Choice О $1,800 F о $1,800 U $4,500 U $4,500 F
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