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 U
B. $540 F
C. $540 U
D. $600 F
Answer: A
You might also like to view...
When using ________, a consumer exerts little effort in making a purchase decision
A) habitual decision making B) extended problem solving C) independent heuristic rating D) dependent heuristic rating E) limited problem solving
A(n) __________ is an action, device, procedure, or technique that reduces a threat, a vulnerability, or an attack by eliminating or preventing it, by minimizing the harm it can cause, or by discovering and reporting it so that correct action can be taken
A. attack C. countermeasure B. adversary D. protocol
The range is an insensitive measure of data variation for large data sets because two data sets
can have the same range but be vastly different with respect to data variation. A) True B) False
Umber Company's bank reconciliation for September is presented below. Prepare the necessary adjusting journal entries based on the reconciliation report.
