ving Corporation makes a product with the following standards for direct labor and variable overhead Standard Price or Rate $17.00 per hour. $5.30 per hour Direct labor Variable overhead Multiple Choice m November the company's budgeted production was 5,600 units, but the actual production was 5,400 units. The company used 1,610 direct labor-hours to produce this output. The actual variable overhead cost was 57,889. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is: O O O O $644 F $432 U $644 U Standard Quantity or Hours 0.20 hours 8.20 hours $432 F Standard Cost Per Unit $3.40 $1.06.
ving Corporation makes a product with the following standards for direct labor and variable overhead Standard Price or Rate $17.00 per hour. $5.30 per hour Direct labor Variable overhead Multiple Choice m November the company's budgeted production was 5,600 units, but the actual production was 5,400 units. The company used 1,610 direct labor-hours to produce this output. The actual variable overhead cost was 57,889. The company applies variable overhead on the basis of direct labor-hours. The variable overhead rate variance for November is: O O O O $644 F $432 U $644 U Standard Quantity or Hours 0.20 hours 8.20 hours $432 F Standard Cost Per Unit $3.40 $1.06.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
A9
Transcribed Image Text:Irving Corporation makes a product with the following standards for direct labor and variable overhead:
Standard Price or Rate
$ 17.00 per hour
$5.30 per hour
Direct labor
Variable overhead
Multiple Choice
In November the company's budgeted production was 5,600 units, but the actual production was 5,400 units. The company used 1,610 direct labor-hours to produce this output. The actual variable overhead cost was
$7,889. The company applies variable overhead on the basis of direct labor-hours.
The variable overhead rate variance for November is
O
O
$644 F
$432 U
$644 U
Standard Quantity or Hours
0.20 hours.
0.20 hours
$432 F
Standard Cost Per Unit
$ 3.40
$1.06
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