BUS 252 Accounting Test Bank 20 Test Questions and Answers(2022/2023)

148 . The variable overhead efficiency variance for May is: A. $328 F B. $328 U C. $320 F D. $320 U 149 . The variable overhead rate variance for May is: A. $242 U B. $250 F C. $250 U D. $242 F Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.6 hours per unit. The variable overhead rate standard is $5.00 per hour. In September the company produced 1,600 units using 950 direct labor-hours. The actual variable overhead rate was $5.10 per hour. 150 . The variable overhead efficiency variance for September is: A. $51 U B. $50 U C. $51 F D. $50 F 151 . The variable overhead rate variance for September is: A. $95 F B. $96 U C. $95 U D. $96 F A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. Variable manufacturing overhead standards are based on machine-hours. The following data pertain to operations for the last month: 152 . What is the variable overhead rate variance for the month? A. $1,739 U B. $595 F C. $595 U D. $1,739 F 153 . What is the variable overhead efficiency variance for the month? A. $1,172 F B. $567 F C. $1,172 U D. $1,144 U The following standards for variable manufacturing overhead have been established for a company that makes only one product: The following data pertain to operations for the last month: 154 . What is the variable overhead rate variance for the month? A. $2,870 U B. $2,870 F C. $1,715 U D. $1,715