Reference no: EM132530412

Bulluck Corporation makes a product with the following standard costs:

                             Standard Quantity or Hours                Standard Price or Rate

Direct materials           5.50 grams                              $3.00 per gram

Direct labor                   0.60 hours                                  $31.00 per hour

Variable overhead           0.60 hours                                $4.00 per hour

The company reported the following results concerning this product in July.

Actual output 5,000 units

Raw materials used in production 13,370 grams

Actual direct labor-hours 2,780 hours

Purchases of raw materials 14,100 grams

Actual price of raw materials purchased$3.20 per gram

Actual direct labor rate$13.40 per hour

Actual variable overhead rate$4.10 per hour

• The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.

Question 1: What The variable overhead efficiency variance for July is