Use the following information for the next 6 questions.
Hyteck, Inc. is a capital intensive firm. Indirect costs make up nearly 70% of the product costs. The company has no direct material costs because customers provide the direct materials used for each job. To plan and control such costs, the firm employs flexible budgets and standard costs. Overhead rates, based on direct labor hours, are derived from the master budget.
-The budget variance for variable overhead was
A) $2,800 U
B) $7,000 U
C) $4,400 U
D) $9,000 U

Question

Use the following information for the next 6 questions.
Hyteck, Inc. is a capital intensive firm. Indirect costs make up nearly 70% of the product costs. The company has no direct material costs because customers provide the direct materials used for each job. To plan and control such costs, the firm employs flexible budgets and standard costs. Overhead rates, based on direct labor hours, are derived from the master budget. 
-The budget variance for variable overhead was
A) $2,800 U 
B) $7,000 U 
C) $4,400 U 
D) $9,000 U

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The Answer of Use the following information for the next 6 questions.
Hyteck, Inc. is a capital intensive firm. Indirect costs make up nearly 70% of the product costs. The company has no direct material costs because customers provide the direct materials used for each job. To plan and control such costs, the firm employs flexible budgets and standard costs. Overhead rates, based on direct labor hours, are derived from the master budget. 
-The budget variance for variable overhead was
A) $2,800 U 
B) $7,000 U 
C) $4,400 U 
D) $9,000 U

Use the Following Information for the Next 6 Questions