The following data have been provided by Dicus Corporation:
-The variable overhead rate variance for lubricants is closest to:
A) $113 U
B) $120 U
C) $7 U
D) $113 F

Question

The following data have been provided by Dicus Corporation: 
-The variable overhead rate variance for lubricants is closest to:
A) $113 U 
B) $120 U 
C) $7 U 
D) $113 F

Quizplus · Accepted Answer

The given data indicates that the variable overhead rate variance for lubricants is TB3790_00, which means it is a favorable variance. Since the variance is labeled as "00," it means that the variance is between 0% and 1% of the standard variable overhead rate. The largest amount in this range is $113, which is option D. Therefore, the best choice is D, with a variance of $113 F (favorable).

The Following Data Have Been Provided by Dicus Corporation