Ritchie Company Ritchie Company uses a standard cost system for its production process.Ritchie Company applies overhead based on direct labor hours.The following information is available for July:
Refer to Ritchie Company Using the three-variance approach,what is the spending variance?
A)$23,850 U
B)$23,850 F
C)$14,280 F
D)$14,280 U

Question

Ritchie Company Ritchie Company uses a standard cost system for its production process.Ritchie Company applies overhead based on direct labor hours.The following information is available for July:
 Refer to Ritchie Company Using the three-variance approach,what is the spending variance?
A)$23,850 U 
B)$23,850 F 
C)$14,280 F 
D)$14,280 U

Quizplus · Accepted Answer

The Answer of Ritchie Company Ritchie Company uses a standard cost system for its production process.Ritchie Company applies overhead based on direct labor hours.The following information is available for July:
 Refer to Ritchie Company Using the three-variance approach,what is the spending variance?
A)$23,850 U 
B)$23,850 F 
C)$14,280 F 
D)$14,280 U

Ritchie Company Ritchie Company Uses a Standard Cost System for Its