The following data have been provided by Liggett Corporation: Lubricants and supplies are both elements of variable manufacturing overhead.The variable overhead rate variance for supplies is closest to:
A) $640 Favorable
B) $1,387 Favorable
C) $1,387 Unfavorable
D) $747 Favorable

Question

The following data have been provided by Liggett Corporation:  Lubricants and supplies are both elements of variable manufacturing overhead.The variable overhead rate variance for supplies is closest to:
A) $640 Favorable 
B) $1,387 Favorable 
C) $1,387 Unfavorable 
D) $747 Favorable

Quizplus · Accepted Answer

The Answer of The following data have been provided by Liggett Corporation:  Lubricants and supplies are both elements of variable manufacturing overhead.The variable overhead rate variance for supplies is closest to:
A) $640 Favorable 
B) $1,387 Favorable 
C) $1,387 Unfavorable 
D) $747 Favorable

The Following Data Have Been Provided by Liggett Corporation