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The following standards for variable manufacturing overhead have been established for a company that makes...

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Accounting

The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output 8.2 hours
Standard variable overhead rate $14.60 per hour

The following data pertain to operations for the last month:

Actual hours 2,875 hours
Actual total variable manufacturing overhead cost $42,715
Actual output 150 units

What is the variable overhead efficiency variance for the month?

Multiple Choice

  • $24,017 U

  • $740 F

  • $17,958 F

  • $24,757 U

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