A manufacturing company that has only one product has established the following standards for its variable...
A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturing overhead standards on direct labor-hours.
| Standard hours per unit of output | 4.10 direct labor-hours |
|---|---|
| Standard variable overhead rate | $11.45 per direct labor-hour |
The following data pertain to operations for the last month:
| Actual direct labor-hours | 8,500 direct labor-hours |
|---|---|
| Actual total variable manufacturing overhead cost | $ 95,870 |
| Actual output | 2,000 units |
What is the variable overhead efficiency variance for the month?
Multiple Choice
-
$2,652 Unfavorable
-
$3,435 Unfavorable
-
$7,133 Unfavorable
-
$7,133 Favorable
Homework Answers
| Answer: |
|
Variable Overhead efficiency
variance = (Standard direct labor-hours (-) Actual direct labor-hours ) x Standard Rate = ( 2,000 x $ 4.10 DLH ) (-) 8,500 ) x $ 11.45 = ( 8,200 (-) 8,500 ) x $ 11.45 = $ 3,435 ( Unfavorable ) |
| Option (b) is Correct |
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