Budgeted direct labour hours 25,000 hours Actual direct labour hours Budgeted manufacturing overheads 24,000 hours $350,000 Actual manufacturing overheads $330,000 Time left 0:36:06 Belts Plus uses direct labour hours to pass on manufacturing overhead costs to products. The Manufacturing Overhead variance for 2009 was: Select one: a. $6,000 credit O b. $6,000 debit O c. $20,000 debit Od. $20,000 credit Clear my choice
Budgeted direct labour hours 25,000 hours Actual direct labour hours Budgeted manufacturing overheads 24,000 hours $350,000 Actual manufacturing overheads $330,000 Time left 0:36:06 Belts Plus uses direct labour hours to pass on manufacturing overhead costs to products. The Manufacturing Overhead variance for 2009 was: Select one: a. $6,000 credit O b. $6,000 debit O c. $20,000 debit Od. $20,000 credit Clear my choice
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:Budgeted direct labour hours
25,000 hours
Actual direct labour hours
Budgeted manufacturing overheads
24,000 hours
$350,000
Actual manufacturing overheads
$330,000
Time left 0:36:06
Belts Plus uses direct labour hours to pass on manufacturing overhead costs to products. The Manufacturing Overhead variance for
2009 was:
Select one:
a.
$6,000 credit
O b. $6,000 debit
O c. $20,000 debit
Od. $20,000 credit
Clear my choice
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