The following standards for variable overhead have been established for a company that makes only one product:
The following data pertain to operations for the last month:
Required: a. What is the variable overhead rate variance for the month?b. What is the variable overhead efficiency variance for the month?

Question

The following standards for variable overhead have been established for a company that makes only one product:
  The following data pertain to operations for the last month:
  Required: a. What is the variable overhead rate variance for the month?b. What is the variable overhead efficiency variance for the month?

Quizplus · Accepted Answer

The Answer of The following standards for variable overhead have been established for a company that makes only one product:
  The following data pertain to operations for the last month:
  Required: a. What is the variable overhead rate variance for the month?b. What is the variable overhead efficiency variance for the month?

The Following Standards for Variable Overhead Have Been Established for a Company