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Assume the following: • The variable portion of the predetermined overhead rate is $2.70 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 O $2,631 U O $2,700 U O $2,631F O $2,700 F

Assume the following: • The variable portion of the predetermined overhead rate is $2.70 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 O $2,631 U O $2,700 U O $2,631F O $2,700 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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COTB MC Qu. 10-42 (Algo) Assume the following: Assume the following: The variable portion of the predetermined overhead rate is $2.70 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 O O O $2,631 U $2,700 U $2,631 F O $2,700 F
Transcribed Image Text:COTB MC Qu. 10-42 (Algo) Assume the following: Assume the following: The variable portion of the predetermined overhead rate is $2.70 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 O O O $2,631 U $2,700 U $2,631 F O $2,700 F
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