Bressman Inc. has provided the following data concerning one of the products in

Question

Bressman Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.

The company has reported the following actual results for the product for May:

The variable overhead efficiency variance for the month is closest to:

Multiple Choice

$268 U

$268 F

$276 F

Inputs Standard Quantity or Hours per Unit of Output Standard Price or Rate Variable manufacturing overhead 0.20 hours $6.70 per hour

Explanation / Answer

Variable overhead efficiency variance Standard Rate*(Actual hours-Standard hours allowed) 6.7*(1820-(9300*.2)) -268 268 F option B $268 F If any doubt please comment. If satisfied you can rate the answer

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