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Unformatted text preview: Break down the difference in cost from Requirement 1 above into a labor rate variance and a labor efficiency variance. (Indicate the effect of the variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Labor rate variance $ Labor efficiency variance $ Requirement 3: The budgeted variable manufacturing overhead rate is $4.5 per direct laborhour. During August, the company incurred $47,075 in variable manufacturing overhead cost. Compute the variable overhead rate and efficiency variances for the month. (Indicate the effect of the variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Omit the "$" sign in your response.) Variable Overhead Rate Variance $ Variable Overhead Efficiency Variance $...
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 Spring '11
 Dr.Zachry
 Managerial Accounting, Addition, Variance, jogging

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