Fluegge Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.InputsStandard Quantity or Hours per Unit of OutputStandard Price or RateDirect materials 5.7 liters$5.40per literDirect labor 0.70hours$20.60per hourVariable manufacturing overhead 0.70hours$5.50per hourThe company has reported the following actual results for the product for December:    Actual output 4,100unitsRaw materials purchased 25,100litersActual price of raw materials$4.80per literActual cost of raw materials purchased$120,480 Raw materials used in production 23,360litersActual direct labor-hours 2,700hoursActual direct labor rate$21.20per hourActual direct labor

cost$57,240 Actual variable overhead rate$5.90per hourActual variable overhead cost$15,930 The variable overhead rate variance for the month is closest to:

A. $1,148 U
B. $1,080 F
C. $1,148 F
D. $1,080 U


Answer: D

Business

You might also like to view...

______ is an extremely important part of the interview because it can directly impact positive outcomes such as salary and benefits that come with the job.

a. Patience b. Friendliness c. Trust d. Compassion

Business

Baby boomers are consumers who have been "wired" almost from birth—playing computer games, navigating the Web, downloading music, connecting with friends via instant messaging and mobile phones

Indicate whether the statement is true or false

Business

Amounts spent for charitable contributions are an example of a(n):

A. committed fixed cost. B. discretionary variable cost. C. committed variable cost. D. engineered cost. E. discretionary fixed cost.

Business

The tort system in the U.S. is estimated to cost about $250 billion a year

a. True b. False Indicate whether the statement is true or false

Business