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What hanson rate variance for variable manufacturing

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Reference no: EM132740941

Hanson Inc. has the following variable manufacturing overhead standard to manufacture one Zippy:

1.5 standard hours per Zippy at $3.00 per direct labor hour

Last week, 1,550 hours were worked to make 1,000 Zippies, and $5,115 was spent for variable manufacturing overhead.

Problem 1: Hanson's rate variance (VMRV) for variable manufacturing overhead for the week was:

a. $465 unfavorable

b. $400 favorable

c. $335 unfavorable

d. $300 favorable

Problem 2: Hanson's efficiency variance (VMEV) for variable manufacturing overhead for the week was:

a. $435 unfavorable

b. $435 favorable

c. $150 unfavorable

d. $150 favorable

Reference no: EM132740941

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