19 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 recentmonth:Budgeted level of activity9,600 MHs9,800 MHs$ 8.30 per MHActual level of activityStandard variable manufacturing overhead rateActual total variable manufacturing overhead$78,570What was the variable overhead rate variance for the month?Multiple Choice$1,415 Favorable$110 Favorable$1,660 Unfavorable$2,770 FavorableO O O

Variable overhead rate variance = (Actual hours*Actual rate) - (Actual hours*Standard rate)

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 9,600 MHs 9,800 MHs $ 8.30 per MH $78,570 Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead What was the variable overhead rate variance for the month? Multiple Choice $1.415 Favorable $1,110 Favorable $1660 Unfavorable $2.770 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 9,600 MHs 9,800 MHs $ 8.30 per MH $78,570 Actual level of activity Standard variable manufacturing overhead rate Actual total variable manufacturing overhead What was the variable overhead rate variance for the month? Multiple Choice $1.415 Favorable $1,110 Favorable $1660 Unfavorable $2.770 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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