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Standard Quantity or standard Price or Hours Rate Direct labor 0.50 hours $24.00 per hour $ 4.40 per hour Variable overhead 0.50 hours In August the company produced 8,300 units using 4,260 direct labor-hours. The actual variable overhead cost was $17.466. The company applies variable overhead on the basis of direct labor-hours The variable overhead efficiency variance for August is

Standard Quantity or standard Price or Hours Rate Direct labor 0.50 hours $24.00 per hour $ 4.40 per hour Variable overhead 0.50 hours In August the company produced 8,300 units using 4,260 direct labor-hours. The actual variable overhead cost was $17.466. The company applies variable overhead on the basis of direct labor-hours The variable overhead efficiency variance for August is

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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9q-17
Juuci with thé following standards for direct labor and variable overhead: Standard Quantity or Standard Price or Hours Rate Direct labor Variable overhead 0.50 hours $24.00 per hour 0.50 hours $ 4.40 per hour In August the company produced 8,300 units using 4,260 direct labor-hours. The actual variable overhead cost was $17.466. The company applies variable overhead on the basis of direct labor-hours. The variable overhead efficiency variance for August is Multiple Choice $484 U $451 U $451 F
Transcribed Image Text:Juuci with thé following standards for direct labor and variable overhead: Standard Quantity or Standard Price or Hours Rate Direct labor Variable overhead 0.50 hours $24.00 per hour 0.50 hours $ 4.40 per hour In August the company produced 8,300 units using 4,260 direct labor-hours. The actual variable overhead cost was $17.466. The company applies variable overhead on the basis of direct labor-hours. The variable overhead efficiency variance for August is Multiple Choice $484 U $451 U $451 F
overnead 0.50 hours $ 4.40 per hour In August the company produced 8,300 units using 4.260 direct labor-hours, The actual variable overhead cost was $17466, The company applies variable overhead on the basis of dire labor-hours. The variable overhead efficiency variance for August is: Multiple Choice $484 U $451 U $451 F $484 F
Transcribed Image Text:overnead 0.50 hours $ 4.40 per hour In August the company produced 8,300 units using 4.260 direct labor-hours, The actual variable overhead cost was $17466, The company applies variable overhead on the basis of dire labor-hours. The variable overhead efficiency variance for August is: Multiple Choice $484 U $451 U $451 F $484 F
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