Descamps Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead isapplied to products on the basis of direct labor-hours.InputsVariable manufacturing overheadStandard Quantity orHours per Unit of Output Standard Price or Rate0.20 hours$ 6.10 per hourThe company has reported the following actual results for the product for July:Actual output4,200 units780 hoursActual direct labor-hoursActual variable overhead rate$ 6.20 per hourThe variable overhead rate variance for the month is closest to:Multiple Choice$84 FO $84 UO $78 F

Name: Descamps Incorporated has provided the following data concerning one
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Description: Descamps Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead isapplied to products on the basis of direct labor-hours.InputsVariable manufacturing overheadStandard

Variable overhead rate variance = Actual overhead - (Actual hours * Standard rate)

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Descamps Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Hours per Unit of Output 0.20 hours Standard Price or Rate Inputs Variable manufacturing overhead 2$ $ 6.10 per hour The company has reported the following actual results for the product for July: Actual output 4,200 units 780 hours Actual direct labor-hours Actual variable overhead rate $ 6.20 per hour The variable overhead rate variance for the month is closest to:

Descamps Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. Standard Quantity or Hours per Unit of Output 0.20 hours Standard Price or Rate Inputs Variable manufacturing overhead 2$ $ 6.10 per hour The company has reported the following actual results for the product for July: Actual output 4,200 units 780 hours Actual direct labor-hours Actual variable overhead rate $ 6.20 per hour The variable overhead rate variance for the month is closest to:

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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