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Forty-Niner Corporation, which produces commercial safes, has provided the following data: Budgeted production Standard machine-hours per safe 9.1 8,500 safes machine-hours Standard supplies cost $ 1.70 per machine-hour Actual production 8,700 safes Actual machine-hours 79,100 machine-hours Actual supplies cost $ 123,642 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies is closest to: A. $10,947 F O B. $10,947 U OC. $119 F O D. $119 U

Forty-Niner Corporation, which produces commercial safes, has provided the following data: Budgeted production Standard machine-hours per safe 9.1 8,500 safes machine-hours Standard supplies cost $ 1.70 per machine-hour Actual production 8,700 safes Actual machine-hours 79,100 machine-hours Actual supplies cost $ 123,642 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies is closest to: A. $10,947 F O B. $10,947 U OC. $119 F O D. $119 U

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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Forty-Niner Corporation, which produces commercial safes, has provided the following data: Budgeted production Standard machine-hours per safe 9.1 8,500 safes machine-hours Standard supplies cost $ 1.70 per machine-hour Actual production 8,700 safes Actual machine-hours 79,100 machine-hours Actual supplies cost $ 123,642 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies is closest to: O A. $10,947 F O B. $10,947 U O C. $119 F O D. $119 U
Transcribed Image Text:Forty-Niner Corporation, which produces commercial safes, has provided the following data: Budgeted production Standard machine-hours per safe 9.1 8,500 safes machine-hours Standard supplies cost $ 1.70 per machine-hour Actual production 8,700 safes Actual machine-hours 79,100 machine-hours Actual supplies cost $ 123,642 Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies is closest to: O A. $10,947 F O B. $10,947 U O C. $119 F O D. $119 U
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