$ 3 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) 20 10 Total 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) Variable manufacturing overhead incurred $21,600 79,950 41,820 What is the variable overhead efficiency variance for Concourse for November Year 2? 1. $2,000 favorable. 2. $2,000 unfavorable. 3. $1,000 favorable. 4. $1,000 unfavorable.
$ 3 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) 20 10 Total 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) Variable manufacturing overhead incurred $21,600 79,950 41,820 What is the variable overhead efficiency variance for Concourse for November Year 2? 1. $2,000 favorable. 2. $2,000 unfavorable. 3. $1,000 favorable. 4. $1,000 unfavorable.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Fordham Corporation produces a single product. The
Transcribed Image Text:$ 3
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)
20
10
Total
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)
Variable manufacturing overhead incurred
$21,600
79,950
41,820
What is the variable overhead efficiency variance for Concourse for November Year 2?
1. $2,000 favorable.
2. $2,000 unfavorable.
3. $1,000 favorable.
4. $1,000 unfavorable.
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