Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 8,600 MHS 8,800 MHS $ 7.30 per MH $61,770 What was the variable overhead rate variance for the month? Multiple Choice $1,425 Favorable $1.010 Favorable $1.460 Unfavorable $2.470 Favorable

Viger Corporation has a standard cost system in which it applies manufacturing overhead to products on the basis of standard machine-hours (MHs). The company has provided the following data for the most recent month: Budgeted level of activity Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead 8,600 MHS 8,800 MHS $ 7.30 per MH $61,770 What was the variable overhead rate variance for the month? Multiple Choice $1,425 Favorable $1.010 Favorable $1.460 Unfavorable $2.470 Favorable

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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