$ 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.
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter16: Job Order Costing
Section: Chapter Questions
Problem 4CMA: Patterson Corporation expects to incur 70,000 of factory overhead and 60,000 of general and...
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