Raven applies overhead based on direct labor hours. The variable overhead standard is 12.0 hours at $21.0 per hour. During July, Raven spent $1,236,700 for variable overhead. 58,380 labor hours were used to produce 4,900 units. What is the variable overhead efficiency variance? Multiple Choice O O $8.820 favorable $1,123,080 favorable $10,720 favorable $10,720 unfavorable
Raven applies overhead based on direct labor hours. The variable overhead standard is 12.0 hours at $21.0 per hour. During July, Raven spent $1,236,700 for variable overhead. 58,380 labor hours were used to produce 4,900 units. What is the variable overhead efficiency variance? Multiple Choice O O $8.820 favorable $1,123,080 favorable $10,720 favorable $10,720 unfavorable
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter8: Standard Cost Accounting—materials, Labor, And Factory Overhead
Section: Chapter Questions
Problem 21E: Georgia Gasket Co. budgets 8,000 direct labor hours for the year. The total overhead budget is...
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