If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: Multiple Choice O O the standard direct labor-hours allowed for the actual output exceeded the actual hours. the actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output. the actual variable overhead rate exceeded the standard rate. the standard variable overhead rate exceeded the actual rate.
If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: Multiple Choice O O the standard direct labor-hours allowed for the actual output exceeded the actual hours. the actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output. the actual variable overhead rate exceeded the standard rate. the standard variable overhead rate exceeded the actual rate.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then:
Multiple Choice
O
O
the standard direct labor-hours allowed for the actual output exceeded the actual hours.
the actual direct labor-hours exceeded the standard direct labor-hours allowed for the actual output.
the actual variable overhead rate exceeded the standard rate.
the standard variable overhead rate exceeded the actual rate.
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