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 four-variance approach, what is the variable overhead efficiency variance?
A) $9,570 F
B) $9,570 U
C) $2,200 F
D) $2,200 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 four-variance approach, what is the variable overhead efficiency variance?
A) $9,570 F 
B) $9,570 U 
C) $2,200 F 
D) $2,200 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 four-variance approach, what is the variable overhead efficiency variance?
A) $9,570 F 
B) $9,570 U 
C) $2,200 F 
D) $2,200 U

Ritchie Company Ritchie Company Uses a Standard Cost System for Its