Underfoot Products uses standard costing. The following information about overhead was generated during May: Standard variable overhead rate $2 per machine hour Standard fixed overhead rate $1 per machine hour Actual variable overhead costs $390,000 Actual fixed overhead costs $175,000 Budgeted fixed overhead costs $190,000 Standard machine hours per unit produced 10 Good units produced 18,000
Actual machine hours 200,000 Using the above information provided for Underfoot Products, compute the variable overhead efficiency variance.
A) $10,000 (F)
B) $10,000 (U)
C) $40,000 (F)
D) $40,000 (U)
D
You might also like to view...
Obviously, if a measure is unreliable and elicits wildly different answers from the same person when that person is unchanged from administration to administration of the question, there is something very wrong with the question
Indicate whether the statement is true or false
You are trying to indicate interest in the other person while listening. What should you be doing with your eyes, head, trunk, and hands?
What will be an ideal response?
Assessments can be used to identify communication styles that inhibit a team's productivity.
Answer the following statement true (T) or false (F)
Your firm is considering an investment that will cost $920,000 today. The investment will produce
cash flows of $450,000 in year 1, $270,000 in years 2 through 4, and $200,000 in year 5. The discount rate that your firm uses for projects of this type is 11.25%. What is the investment's net present value? A) $112,583 B) $192,369 C) $378,458 D) $540,000