Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours. The company has reported the following actual results for the product for June:
The variable overhead efficiency variance for the month is closest to:
A) $2,450 Favorable
B) $2,400 Unfavorable
C) $2,400 Favorable
D) $2,450 Unfavorable

Question

Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.  The company has reported the following actual results for the product for June:
 The variable overhead efficiency variance for the month is closest to:
A) $2,450 Favorable 
B) $2,400 Unfavorable 
C) $2,400 Favorable 
D) $2,450 Unfavorable

Quizplus · Accepted Answer

The Answer of Pippin Incorporated has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.  The company has reported the following actual results for the product for June:
 The variable overhead efficiency variance for the month is closest to:
A) $2,450 Favorable 
B) $2,400 Unfavorable 
C) $2,400 Favorable 
D) $2,450 Unfavorable

Pippin Incorporated Has Provided the Following Data Concerning One of the Products