Direct materials (6 pounds at $0.50 per pound)Direct labor (2 hours at $10 per hour)Variable manufacturing overhead (2 hours at $5 per hour)Total$ 3201033During November Year 2, 4,000 units of Concourse were produced. The costs associated with Novemberoperations were as follows:Material purchased (36,000 pounds at $0.60 per pound)Material used in production (28,000 pounds)Direct labor (8,200 hours at $9.75 per hour)$21,60079,950Variable manufacturing overhead incurred41,820What is the variable overhead efficiency variance for Concourse for November Year 2?3. $1,000 favorable.4. $1,000 unfavorable.1. $2,000 favorable.2. $2,000 unfavorable.

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Asked Jan 8, 2020
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Fordham Corporation produces a single product. The standard costs for one unit of its Concourse product are as follows:

Direct materials (6 pounds at $0.50 per pound)
Direct labor (2 hours at $10 per hour)
Variable manufacturing overhead (2 hours at $5 per hour)
Total
$ 3
20
10
33
During November Year 2, 4,000 units of Concourse were produced. The costs associated with November
operations were as follows:
Material purchased (36,000 pounds at $0.60 per pound)
Material used in production (28,000 pounds)
Direct labor (8,200 hours at $9.75 per hour)
$21,600
79,950
Variable manufacturing overhead incurred
41,820
What is the variable overhead efficiency variance for Concourse for November Year 2?
3. $1,000 favorable.
4. $1,000 unfavorable.
1. $2,000 favorable.
2. $2,000 unfavorable.
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Direct materials (6 pounds at $0.50 per pound) Direct labor (2 hours at $10 per hour) Variable manufacturing overhead (2 hours at $5 per hour) Total $ 3 20 10 33 During November Year 2, 4,000 units of Concourse were produced. The costs associated with November operations were as follows: Material purchased (36,000 pounds at $0.60 per pound) Material used in production (28,000 pounds) Direct labor (8,200 hours at $9.75 per hour) $21,600 79,950 Variable manufacturing overhead incurred 41,820 What is the variable overhead efficiency variance for Concourse for November Year 2? 3. $1,000 favorable. 4. $1,000 unfavorable. 1. $2,000 favorable. 2. $2,000 unfavorable.

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