The following data is available for August for a corporation: Variable Overhead Standard (3 hours @ $12 per hour) Variable Overhead Efficiency Variance - Unfavorable Actual Finished Units Produced Actual production hours Actual rate Note: No overtime is allowed. What is the variable overhead rate variance? $36 per unit $15,000 10,000 31,250 $12.50

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following data is available for August for a corporation:
Variable Overhead Standard (3 hours @ $12 per hour)
Variable Overhead Efficiency Variance - Unfavorable
Actual Finished Units Produced
Actual production hours
Actual rate
Note: No overtime is allowed.
What is the variable overhead rate variance?
$36 per unit
$15,000
10,000
31,250
$12.50
Transcribed Image Text:The following data is available for August for a corporation: Variable Overhead Standard (3 hours @ $12 per hour) Variable Overhead Efficiency Variance - Unfavorable Actual Finished Units Produced Actual production hours Actual rate Note: No overtime is allowed. What is the variable overhead rate variance? $36 per unit $15,000 10,000 31,250 $12.50
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