Dirickson 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 7.6ounces$9.40per ounceDirect labor 0.10hours$18.00per hourVariable manufacturing overhead 0.10hours$5.30per hour?The company has reported the following actual results for the product for July: Actual output 7,600unitsRaw materials purchased 63,000ouncesActual cost of raw materials purchased$541,880 Raw materials used in production 57,750ouncesActual direct labor-hours 820hoursActual direct labor cost$16,072 Actual variable overhead cost$4,592 ?The variable overhead efficiency variance
for the month is closest to:
A. $318 F
B. $336 F
C. $336 U
D. $318 U
Answer: D
You might also like to view...
Consider a two-year bond that can be purchased for $550. What is the yield to maturity on the bond if it promises a payment of $890 in two years??
A. ?27.2 percent B. ?20 percent C. ?6 percent D. ?18.1 percent
Answer the following statements true (T) or false (F)
1) Factoring is an option available to a business to reduce the risk of uncollectible accounts receivable. 2) When a business pledges its accounts receivable, it transfers the right to collect cash from customers to the bank. 3) The expense associated with the cost of uncollectible accounts receivable is called bad debts expense. 4) Accounts receivable that are uncollectible must remain on the books because the customer may eventually pay. 5) Bad debt expense is a cost to the seller of extending credit.
Dizzy Amusement Park is open from 8:00 am till midnight every day of the year. Dizzy charges its patrons a daily entrance fee of $30 per person which gives them unlimited access to all of the park's 35 rides.Dizzy gives out a free T-shirt to every 100th customer entering the park. The cost of this T-shirt would best be described as a:
A. mixed cost B. fixed cost C. step-variable cost D. true variable cost
Most U.S. unions are formed through:
A. Secret ballot elections. B. Voluntary agreements by management to recognize the union. C. Strikes. D. Court orders.