Reference no: EM131798107
Question - The Clark Company makes a single product and uses standard costing. Some data concerning this product for the month of May follow:
Labor rate variance: $7,000 F
Labor efficiency variance: $12,000 F
Variable overhead efficiency variance: $4,000 F
Number of units produced: 10,000
Standard labor rate per direct labor hour: $12
Standard variable overhead rate per direct labor hour: $4
Actual labor hours used: 14,000
Actual variable manufacturing overhead costs: $58,290
The total standard cost for variable overhead for May was:
a. $56,000.
b. $40,000.
c. $60,000.
d. $50,000.
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