What is the variable overhead efficiency variance for month

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Question - The following standards for variable manufacturing overhead have been established for a company that makes only one product:

Standard hours per unit of output 8.0 hours

Standard variable overhead rate $14.40 per hour

The following data pertain to operations for the last month:

Actual hours 2,850 hours

Actual total variable manufacturing overhead cost $41,770

Actual output 200 units

What is the variable overhead efficiency variance for the month?

$18,730 U

$18,000 U

$730 F

$23,040 F

Reference no: EM131873631

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