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ertain to operations ctual hours onufacturing ove

ertain to operations ctual hours onufacturing ove

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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The following standards for variable manufacturing overhead have been established for a company that makes only one product Standard hours per unit of output 7.6 hours Standard variable overhead rate $14.00 per hour The following data pertain to operations for the last month: Actual hours 2,800 hours Actual total variable manufacturing overhead cost $39,910 Actual output 150 units What is the variable overhead efficiency variance for the month? O $23,240 Unfavorable O $23,950 Unfavorable O $710 Unfavorable O $15,960 Favorable
Transcribed Image Text:The following standards for variable manufacturing overhead have been established for a company that makes only one product Standard hours per unit of output 7.6 hours Standard variable overhead rate $14.00 per hour The following data pertain to operations for the last month: Actual hours 2,800 hours Actual total variable manufacturing overhead cost $39,910 Actual output 150 units What is the variable overhead efficiency variance for the month? O $23,240 Unfavorable O $23,950 Unfavorable O $710 Unfavorable O $15,960 Favorable
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