Assume the following: The variable portion of the predetermined overhead rate is $2.20 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 44,000 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 efficiency variance? Multiple Choice $2,200 U $2,200 F $2,131 U $2,131 F

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Assume the following:
The variable portion of the predetermined overhead rate is $2.20 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 44,000 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 efficiency variance?
Multiple Choice
$2,200 U
$2,200 F
$2,131 U
$2,131 F
Transcribed Image Text:Assume the following: The variable portion of the predetermined overhead rate is $2.20 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 44,000 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 efficiency variance? Multiple Choice $2,200 U $2,200 F $2,131 U $2,131 F
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