The following information is available from the Terry Company:
What is the variable overhead efficiency variance for the period?
A)$600 favorable.
B)$800 unfavorable.
C)$1,200 unfavorable.
D)$1,400 unfavorable.
E)$2,000 unfavorable.

Question

The following information is available from the Terry Company: 
What is the variable overhead efficiency variance for the period?
A)$600 favorable. 
B)$800 unfavorable. 
C)$1,200 unfavorable. 
D)$1,400 unfavorable. 
E)$2,000 unfavorable.

Quizplus · Accepted Answer

The given information represents a cost code or invoice number format used by the Terry Company. The variable overhead efficiency variance for the period cannot be determined from this information alone, as it requires data on actual overhead costs and the standard hours allowed for the actual output. Therefore, none of the answer choices is correct.

The Following Information Is Available from the Terry Company