Termeer 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 August:
The variable overhead rate variance for the month is closest to:
A) $480 Favorable
B) $480 Unfavorable
C) $476 Unfavorable
D) $476 Favorable

Question

Termeer 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 August:
 The variable overhead rate variance for the month is closest to:
A) $480 Favorable 
B) $480 Unfavorable 
C) $476 Unfavorable 
D) $476 Favorable

Quizplus · Accepted Answer

The Answer of Termeer 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 August:
 The variable overhead rate variance for the month is closest to:
A) $480 Favorable 
B) $480 Unfavorable 
C) $476 Unfavorable 
D) $476 Favorable

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