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A manufacturing company that has only one product has established the following standards for its variable manufacturing over

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Answer #1

Correct answer----------$9911 U

Working

Variable Overhead Efficiency Variance
( Standard Hours - Actual Hours ) x Standard Rate
( 7950 - 8800 ) x $           11.66
$         (9,911.00)
Variance $             9,911.00 Unfavourable-U

.

Actual DATA for 1500 Units
Quantity (AQ) Rate (AR) Actual Cost
Variable Overhead 8800 $         10.91 $          96,000.00

.

Standard DATA for 1500 Units
Quantity (SQ) Rate (SR) Standard Cost
[A] [B] [A x B]
Variable Overhead ( 5.3 Hour x 1500 Units)=7950 Hour $                11.66 $            92,697.00
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