Reference no: EM132791520
Question - Zip Company applies variable overhead to products on a basis of direct labor hours. Actual results for November:
730 finished units produced.
1,500 direct labor hours incurred.
$17,600 of variable overhead costs incurred.
Standards:
One finished unit requires 2 direct labor hours.
Predetermined variable overhead rate is $12 per direct labor hour
Required - [Answer format: No dollar sign, no commas, no decimals]
A. Compute the dollar amount of the variable overhead spending variance.
B. Is the variance computed in part A favorable or unfavourable.
C. Compute the standard quantity of direct labor hours allowed for actual units produced.
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