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Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $6 per hour Fixed overhead: 5 hours at $8 per hour The standards were based on a planned activity of 22,000 machine hours when 4,400 units were scheduled for production. Actual data follow. Variable overhead incurred: $143,750 Fixed overhead incurred: $219,000 Machine hours worked: 21,800 Actual units produced: 4,500 Match Point's variable-overhead efficiency variance is: Multiple Choice a.) $640 favorable. b.) $640 unfavorable. c.) $4,200 favorable. d.) $4,200 unfavorable. e.) None of the answers is correct.

Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $6 per hour Fixed overhead: 5 hours at $8 per hour The standards were based on a planned activity of 22,000 machine hours when 4,400 units were scheduled for production. Actual data follow. Variable overhead incurred: $143,750 Fixed overhead incurred: $219,000 Machine hours worked: 21,800 Actual units produced: 4,500 Match Point's variable-overhead efficiency variance is: Multiple Choice a.) $640 favorable. b.) $640 unfavorable. c.) $4,200 favorable. d.) $4,200 unfavorable. e.) None of the answers is correct.

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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Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $6 per hour Fixed overhead: 5 hours at $8 per hour The standards were based on a planned activity of 22,000 machine hours when 4,400 units were scheduled for production. Actual data follow. Variable overhead incurred: $143,750 Fixed overhead incurred: $219,000 Machine hours worked: 21,800 Actual units produced: 4,500 Match Point's variable-overhead efficiency variance is: Multiple Choice a.) $640 favorable. b.) $640 unfavorable. c.) $4,200 favorable. d.) $4,200 unfavorable. e.) None of the answers is correct.
Transcribed Image Text:Match Point, Inc. has the following overhead standards: Variable overhead: 5 hours at $6 per hour Fixed overhead: 5 hours at $8 per hour The standards were based on a planned activity of 22,000 machine hours when 4,400 units were scheduled for production. Actual data follow. Variable overhead incurred: $143,750 Fixed overhead incurred: $219,000 Machine hours worked: 21,800 Actual units produced: 4,500 Match Point's variable-overhead efficiency variance is: Multiple Choice a.) $640 favorable. b.) $640 unfavorable. c.) $4,200 favorable. d.) $4,200 unfavorable. e.) None of the answers is correct.
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