Pleiss Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's standard variable manufacturing overhead rate is $2.40 per machine-hour. The actual variable manufacturing overhead cost for the month was $5,240. The original budget for the month was based on 2,100 machine-hours. The company actually worked 2,270 machine-hours during the month. The standard hours allowed for the actual output of the month totaled 2,280 machine-hours. What was the variable overhead efficiency variance for the month?
A. $24 Favorable
B. $208 Favorable
C. $232 Favorable
D. $432 Unfavorable
Answer: A
You might also like to view...
Which of the following is not true about organizational structure?
A. All of the company's managers work within the context created by this structure. B. It refers to the way that an organization formally arranges its various domestic and international units and activities, and the relationships among these organizational components. C. It refers to the informal organization among an organization's units and activities. D. It is primarily created and evolved by senior management. E. It helps to determine where formal power and authority will be located within the organization.
Both accountants and economists view variable costs as linear in nature
Indicate whether the statement is true or false
__________is the element in the promotional mix that evaluates people's attitudes, identifies issues that may elicit their concern, and executes programs to gain their understanding and acceptance
Fill in the blanks with correct word.
The Gordon model is based on the premise that the value of a share of stock is equal to sum of all future dividends it is expected to provide over an infinite time horizon
Indicate whether the statement is true or false