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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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The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 8.1 hours Standard variable overhead rate $14.85 per hour The following data pertain to operations for the last month: Actual hours 8,600 hours Actual total variable manufacturing overhead cost Actual output $ 130,720 1,000 units What is the variable overhead rate variance for the month? Multiple Choice $3,010 F $3,010 U $10,435 F $10,435 U
Transcribed Image Text:The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 8.1 hours Standard variable overhead rate $14.85 per hour The following data pertain to operations for the last month: Actual hours 8,600 hours Actual total variable manufacturing overhead cost Actual output $ 130,720 1,000 units What is the variable overhead rate variance for the month? Multiple Choice $3,010 F $3,010 U $10,435 F $10,435 U
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