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 labor efficiency variance for the month is closest to:

A. $3,604 F
B. $3,502 F
C. $3,502 U
D. $3,604 U


Answer: B

Business

You might also like to view...

While copytesting can measure how well an advertisement communicates, it cannot measure the persuasiveness of an ad and how likely a person would make a purchase because of the ad

Indicate whether the statement is true or false

Business

The ________ is the ratio of the standard deviation to the mean, expressed as a percentage, and it is a unitless measure of relative variability

A) standard deviation B) coefficient of variation C) variance D) interquartile range

Business

Which one of the following appropriately connects the plaintiff's burden of proof with his or her legal status as a person?

A. Both public officials and private figures need to show negligence B. Public officials need to show actual malice, whereas private figures need to show negligence C. Both public officials and private figures need to show actual malice D. Public officials need to show negligence, whereas private figures need to show actual malice E. Both negligence and actual malice must be shown, regardless of the plaintiff's legal status as a person

Business

Which type of administrative agency's head answers to the president and may be disciplined or terminated at the president's will?

a. Independent agency b. Executive agency c. Public service agency d. Social welfare agency

Business