Reference no: EM132989437
Questions -
Q1. Using the following information, compute the variable overhead spending variance.
Actual direct labor hours used 4,700
Units produced 1,500
Standard labor hours per unit produced 3
Budgeted variable overhead per standard direct labor hour $2
Actual variable overhead incurred $9,500
A. $100 favorable.
B. $400 unfavorable.
C. $100 unfavorable.
D. $400 favorable.
Q2. Using the following information, calculate the variable overhead efficiency variance.
Actual direct labor hours used 4,700
Units produced 1,500
Standard labor hours per unit produced 3
Budgeted variable overhead per standard direct labor hour $2
Actual variable overhead incurred $9,500
A. $100 unfavorable.
B. $100 favorable.
C. $400 unfavorable.
D. $400 favorable.