Descamps Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied toproducts on the basis of direct labor-hours.Standard Quantity or Hoursper Unit of OutputStandard Price or RateInputsVariable manufacturing overhead0.20 hours$ 6.10 per hourThe company has reported the following actual results for the product for July:Actual output4, 200 unitsActual direct labor-hours780 hoursActual variable overhead rate$ 6.20 per hourThe variable overhead rate variance for the month is closest to:Multiple Choice$78 U$84 U$78 F$84 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 is applied toproducts on the basis of direct labor-hours.Standard Quantity or Hoursper Unit of OutputSt

Variable overheads are those indirect costs in the business that changes with change in level of…

Business

Accounting

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 Standard Price or Rate $ 6.10 per hour per Unit of Output Inputs Variable manufacturing overhead 0.20 hours The company has reported the following actual results for the product for July: Actual output 4, 200 units Actual direct labor-hours 780 hours Actual variable overhead rate $ 6.20 per hour The variable overhead rate variance for the month is closest to: Multiple Choice $78 U $84 U $78 F $84 F

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 Standard Price or Rate $ 6.10 per hour per Unit of Output Inputs Variable manufacturing overhead 0.20 hours The company has reported the following actual results for the product for July: Actual output 4, 200 units Actual direct labor-hours 780 hours Actual variable overhead rate $ 6.20 per hour The variable overhead rate variance for the month is closest to: Multiple Choice $78 U $84 U $78 F $84 F

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Subject : Accounting