Allbrand Company uses standard costs for their manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data: At the end of the year, actual data were as follows:
How much is the efficiency variance for variable overhead?

Question

Allbrand Company uses standard costs for their manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data:  At the end of the year, actual data were as follows:
 How much is the efficiency variance for variable overhead?

Quizplus · Accepted Answer

The Answer of Allbrand Company uses standard costs for their manufacturing division. Standards specify 0.1 direct labor hours per unit of product. At the beginning of the year, the static budget for variable overhead costs included the following data:  At the end of the year, actual data were as follows:
 How much is the efficiency variance for variable overhead?

Allbrand Company Uses Standard Costs for Their Manufacturing Division