Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data: Production volume Budgeted variable overhead costs Budgeted direct labor hours. At the end of the year, actual data were as follows: Production volume Actual variable overhead costs Actual direct labor hours 6,100 units $15,000 630 hours OA. $15,000 U B. $4,152 F C. $3,295 U D. $15,200 F 4,100 units $15,200 500 hours What is the variable overhead cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) *****

Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours per unit of product. The allocation base for variable overhead costs is direct labor hours. At the beginning of the year, the static budget for variable overhead costs included the following data: Production volume Budgeted variable overhead costs Budgeted direct labor hours. At the end of the year, actual data were as follows: Production volume Actual variable overhead costs Actual direct labor hours 6,100 units $15,000 630 hours OA. $15,000 U B. $4,152 F C. $3,295 U D. $15,200 F 4,100 units $15,200 500 hours What is the variable overhead cost variance? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.) *****

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Description: Please do not give solution in image format thanku Judd Company uses standard costs for its manufacturing division. Standards specify 0.1 direct labor hours perunit of product. The allocation base for variable overhead costs is direct labor hours. At

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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