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Triton Mfg. uses standard costing for its product costing. Manufacturing overhead is applied based on standard direct labour hours (DLH). Overhead cost information is presented below: Variable Fixed Total Input $7.20 per DLH $9.60 per DLH Cost per unit 36 48 $ 84 During the most recent month a total of 7,800 units were produced; 40,100 DLH were used and total actual manufacturing overhead was $720,000 of which $391,000 was fixed. What was the variable overhead efficiency variance? a.$7,920 F b.$7,920 U c.$40,280 F $40,280 U

Triton Mfg. uses standard costing for its product costing. Manufacturing overhead is applied based on standard direct labour hours (DLH). Overhead cost information is presented below: Variable Fixed Total Input $7.20 per DLH $9.60 per DLH Cost per unit 36 48 $ 84 During the most recent month a total of 7,800 units were produced; 40,100 DLH were used and total actual manufacturing overhead was $720,000 of which $391,000 was fixed. What was the variable overhead efficiency variance? a.$7,920 F b.$7,920 U c.$40,280 F $40,280 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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Triton Mfg. uses standard costing for its product costing. Manufacturing overhead is applied based on standard direct labour hours (DLH). Overhead cost information is presented below: Variable Fixed Total Input $7.20 per DLH $9.60 per DLH Cost per unit 36 48 $ 84 During the most recent month a total of 7,800 units were produced; 40,100 DLH were used and total actual manufacturing overhead was $720,000 of which $391,000 was fixed. What was the variable overhead efficiency variance? a.$7,920 F b.$7,920 U c.$40,280 F $40,280 U
Transcribed Image Text:Triton Mfg. uses standard costing for its product costing. Manufacturing overhead is applied based on standard direct labour hours (DLH). Overhead cost information is presented below: Variable Fixed Total Input $7.20 per DLH $9.60 per DLH Cost per unit 36 48 $ 84 During the most recent month a total of 7,800 units were produced; 40,100 DLH were used and total actual manufacturing overhead was $720,000 of which $391,000 was fixed. What was the variable overhead efficiency variance? a.$7,920 F b.$7,920 U c.$40,280 F $40,280 U
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