The following standards for variable overhead have been established for a company that makes only...
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Accounting
The following standards for variable overhead have been established for a company that makes only one product:
Standard hours per unit of output hours
Standard variable overhead rate $ per hour
The following data pertain to operations for the last month:
Actual hours hours
Actual total variable overhead cost $
Actual output units
Required:
What is the variable overhead rate variance for the month?
What is the variable overhead efficiency variance for the month?
Note: Indicate the effect of each variance by selecting F for favorable, U for unfavorable, and "None" for no effect ie zero variance Input all amounts as positive values.
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