Marwick Tools Inc. sets the following labor standards: • Standard hours per unit: 5.5 • Standard variable OH rate: $19.80/hour Last month: • • . Actual output: 1,250 units Actual hours used: 7,100 Actual OH cost: $141,000 What is the variable overhead efficiency variance?
Marwick Tools Inc. sets the following labor standards: • Standard hours per unit: 5.5 • Standard variable OH rate: $19.80/hour Last month: • • . Actual output: 1,250 units Actual hours used: 7,100 Actual OH cost: $141,000 What is the variable overhead efficiency variance?
Chapter8: Standard Costs And Variances
Section: Chapter Questions
Problem 10EA: ThingOne Company has the following information available for the past year. They use machine hours...
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Transcribed Image Text:Marwick Tools Inc. sets the following labor standards:
•
Standard hours
per
unit: 5.5
•
Standard variable OH rate: $19.80/hour
Last month:
•
•
.
Actual output: 1,250 units
Actual hours used: 7,100
Actual OH cost: $141,000
What is the variable overhead efficiency variance?
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