Figures Incorporated makes a single product-an electrical motor used in many long-haul trucks. The company has a standard cost system in which it applies overhead to this product based on the standard labor-hours allowed for the actual output of the period. Data concerning the most recent year appear below: Budgeted variable manufacturing overhead$66,570 Budgeted hours 21,000labor-hoursStandard hours allowed for the actual production 18,000labor-hoursActual variable manufacturing overhead$56,736 Actual hours 19,700labor-hoursThe variable overhead efficiency variance is: (Round your intermediate calculations to 2 decimal places.)
A. $5,389 F
B. $4,896 U
C. $5,389 U
D. $4,896 F
Answer: C
Business
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