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timurjin [86]
3 years ago
11

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhea

d. The company bases its variable manufacturing overhead standards on direct labor-hours. Standard hours per unit of output 3.20 DLHs Standard variable overhead rate $ 10.55 per DLH The following data pertain to operations for the last month: Actual direct labor-hours 9,400 DLHs Actual total variable manufacturing overhead cost $ 95,780 Actual output 2,700 units What is the variable overhead efficiency variance for the month?
Business
1 answer:
n200080 [17]3 years ago
8 0

Answer:

 Variable overhead efficiency variance $ 8,018 <u> </u>Unfavorable

Explanation:

<em>Variable overhead efficiency variance: Variable overhead efficiency variance aims to determine whether or not their exist savings or extra cost incurred on variable overhead as a result of workers being faster or slower that expected.  </em>

Since the variable overhead is charged using labour hours, any amount by which the actual labour hours differ from the standard allowable hours would result in a variance  

                                                                                      Hours

2,700 units should have taken (2,700 × 3.20)           8640

but did take  (actual hours)                                   <u>      9,400</u>

Efficiency variance in hours                                      760 unfavorable

standard variable overhead cost per hour           <u>$10.55</u>

Variable overhead efficiency variance                  $<u> 8,018  </u>Unfavorable

 Variable overhead efficiency variance $ 8,018 <u> </u>Unfavorable

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