Noble Enterprises has the following data for Year 1: Standard direct labor hours per unit: 3 hours Actual direct labor hours: 12,000 hour's Number of units produced: 4,000 units Standard variable overhead per standard direct labor hour: $4 Actual variable overhead: $48,000 What is Noble Enterprises' Year 1 unfavorable variable overhead efficiency variance? A. $0 B. $2,000 C. $4,000 D. $6,000

Noble Enterprises has the following data for Year 1: Standard direct labor hours per unit: 3 hours Actual direct labor hours: 12,000 hour's Number of units produced: 4,000 units Standard variable overhead per standard direct labor hour: $4 Actual variable overhead: $48,000 What is Noble Enterprises' Year 1 unfavorable variable overhead efficiency variance? A. $0 B. $2,000 C. $4,000 D. $6,000

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter10: Standard Costing And Variance Analysis

Section: Chapter Questions

Problem 58E: At the beginning of the year, Lopez Company had the following standard cost sheet for one of its...

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Given on the following information, calculate the variable overhead rate variance. Actual variable overhead cost $15,500; Actual hours used 4,200, Standard hours allowed 4,000; and Standard variable overhead rate $3.75 per hour. O $500 F O $250 U O $250 F O $500 U Î