Bressman Inc. has provided the following data concerning one of the products in its standard...
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Accounting
Bressman Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs
Standard Quantity or Hours per Unit of Output
Standard Price or Rate
Variable manufacturing overhead
0.20 hours
$6.70 per hour
The company has reported the following actual results for the product for May:
Actual output
9,300
units
Actual direct labor-hours
1,820
hours
Actual variable overhead cost
$
12,558
The variable overhead efficiency variance for the month is closest to:
Answer & Explanation
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