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QUESTION 3

QUESTION 3

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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QUESTION 3 The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 1.6 hours $11.55 per hour Standard variable overhead rate The following data pertain to operations for the last month: Actual hours 4,900 hours Actual total variable manufacturing overhead cost Actual output 3,000 units What is the variable overhead efficiency variance for the month? O $1,190 F O $1,680 F O $1,155 U O $1,190 U $58.310
Transcribed Image Text:QUESTION 3 The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 1.6 hours $11.55 per hour Standard variable overhead rate The following data pertain to operations for the last month: Actual hours 4,900 hours Actual total variable manufacturing overhead cost Actual output 3,000 units What is the variable overhead efficiency variance for the month? O $1,190 F O $1,680 F O $1,155 U O $1,190 U $58.310
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