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Spring Bouquet Company Spring Bouquet Company's standard variable overhead rate is $7 per direct labour hour, and each unit requires three standard direct labour hours. The company recorded 7,000 actual direct labour hours, $65,000 actual variable overhead costs, and 2,950 units of product manufactured. Refer to Spring Bouquet Company. What is the total variable overhead variance? $490 U $1,000 U $2,950 U $3,050 U

Spring Bouquet Company Spring Bouquet Company's standard variable overhead rate is $7 per direct labour hour, and each unit requires three standard direct labour hours. The company recorded 7,000 actual direct labour hours, $65,000 actual variable overhead costs, and 2,950 units of product manufactured. Refer to Spring Bouquet Company. What is the total variable overhead variance? $490 U $1,000 U $2,950 U $3,050 U

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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Spring Bouquet Company Spring Bouquet Company's standard variable overhead rate is $7 per direct labour hour, and each unit requires three standard direct labour hours. The company recorded 7,000 actual direct labour hours, $65,000 actual variable overhead costs, and 2,950 units of product manufactured. Refer to Spring Bouquet Company. What is the total variable overhead variance? $490 U $1,000 U $2,950 U $3,050 U
Transcribed Image Text:Spring Bouquet Company Spring Bouquet Company's standard variable overhead rate is $7 per direct labour hour, and each unit requires three standard direct labour hours. The company recorded 7,000 actual direct labour hours, $65,000 actual variable overhead costs, and 2,950 units of product manufactured. Refer to Spring Bouquet Company. What is the total variable overhead variance? $490 U $1,000 U $2,950 U $3,050 U
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