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Business
Accounting
Knowledge Check 01 es Consider the following information: Standard rate per direct labor-hour Standard direct labor-hours for each unit produced Units manufactured Actual direct labor-hours worked during the month Total actual variable manufacturing overhead $ 2 3 1,000 3,300 $ 6,600 Assume that direct labor-hours is used as the overhead allocation base. What is the variable overhead efficiency variance? $300 F $300 U O $600 F O $600 U

Knowledge Check 01 es Consider the following information: Standard rate per direct labor-hour Standard direct labor-hours for each unit produced Units manufactured Actual direct labor-hours worked during the month Total actual variable manufacturing overhead $ 2 3 1,000 3,300 $ 6,600 Assume that direct labor-hours is used as the overhead allocation base. What is the variable overhead efficiency variance? $300 F $300 U O $600 F O $600 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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Knowledge Check 01 es Consider the following information: Standard rate per direct labor-hour Standard direct labor-hours for each unit produced Units manufactured Actual direct labor-hours worked during the month Total actual variable manufacturing overhead $ 2 3 1,000 3,300 $ 6,600 Assume that direct labor-hours is used as the overhead allocation base. What is the variable overhead efficiency variance? $300 F $300 U O $600 F O $600 U
Transcribed Image Text:Knowledge Check 01 es Consider the following information: Standard rate per direct labor-hour Standard direct labor-hours for each unit produced Units manufactured Actual direct labor-hours worked during the month Total actual variable manufacturing overhead $ 2 3 1,000 3,300 $ 6,600 Assume that direct labor-hours is used as the overhead allocation base. What is the variable overhead efficiency variance? $300 F $300 U O $600 F O $600 U
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