The Maxit Corporation has a standard costing system in which variable manufacturing overhead is assigned to production on the basis of standard machine-hours. The following data are available for July:•Actual variable manufacturing overhead cost incurred: $11,310 •Actual machine-hours worked: 1,600 hours •Variable overhead rate variance: $1,710 U •Total variable overhead spending variance: $2,310 U The variable overhead efficiency variance for July is:
A. $600 F
B. $540 F
C. $540 U
D. $600 U
Answer: D
You might also like to view...
Retailers generally have a much higher degree of conversion than do manufacturing or professional firms
Indicate whether the statement is true or false
Once a representation election is scheduled, a longstanding NLRB rule requires employers to give the union a list of names and addresses of the employees eligible to vote in the election. This is referred to as the _______________________________ and must be provided within seven days of the NLRB scheduling an election.
Fill in the blank(s) with the appropriate word(s).
Businesses often write appreciation messages to which of these receivers?
A) A competing business that "steals" a large customer order B) Customers who write letters of inquiry C) Employees who have suffered a recent loss such as the death of a family pet D) Customers who complain
Using Table 7.6, suppose activity D can be shortened from four days to one day. Assume all other activity times remain the same. How much shorter will the total project earliest completion time become?
A) zero days B) one day C) two days D) three days