Ladron Candy (LC) uses activity-based-costing to allocate overhead costs to cost pools. They produced 180,000 lbs of chocolate during August. Information for the product testing cost pool is provided below. Complete the table titled "Variable Overhead Variance Analysis for LC Using Activity Based Costing: Product Testing." Product testing Activity a. Standard Rate $0.55 per test minute C. Standard Quantity per Unit Produced 0.5 minutes per unit Actual Costs $48,000 Actual Quantity Variable Overhead Variance Analysis for LC Using Activity Based Costing: Product Testing 102,000 test minutes Using the results from your table, which of the variances is correct for the product testing cost pool? $3,000 favorable spending variance; $1,500 unfavorable efficiency variance b. $3,000 unfavorable spending variance; $5,100 favorable efficiency variance $8,100 unfavorable spending variance; $5,100 unfavorable efficiency variance d. $8,100 favorable spending variance; $19,950 unfavorable efficiency variance

Ladron Candy (LC) uses activity-based-costing to allocate overhead costs to cost pools. They produced 180,000 lbs of chocolate during August. Information for the product testing cost pool is provided below. Complete the table titled "Variable Overhead Variance Analysis for LC Using Activity Based Costing: Product Testing." Product testing Activity a. Standard Rate $0.55 per test minute C. Standard Quantity per Unit Produced 0.5 minutes per unit Actual Costs $48,000 Actual Quantity Variable Overhead Variance Analysis for LC Using Activity Based Costing: Product Testing 102,000 test minutes Using the results from your table, which of the variances is correct for the product testing cost pool? $3,000 favorable spending variance; $1,500 unfavorable efficiency variance b. $3,000 unfavorable spending variance; $5,100 favorable efficiency variance $8,100 unfavorable spending variance; $5,100 unfavorable efficiency variance d. $8,100 favorable spending variance; $19,950 unfavorable efficiency variance

Name: Ladron Candy (LC) uses activity-based-costing to allocate overhead co
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Description: Ladron Candy (LC) uses activity-based-costing to allocate overhead costs tocost pools. They produced 180,000 lbs of chocolate during August. Informationfor the product testing cost pool is provided below. Complete the table titled"Variable Overhead

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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