Venus Company Applies Overhead Based on Direct Labor Hours

question 34

Multiple Choice

Venus Company applies overhead based on direct labor hours.The variable overhead standard is 10 hours at $3.50 per hour.During October,Venus Company spent $157,600 for variable overhead.47,440 labor hours were used to produce 4,800 units.What is the variable overhead rate variance?

• A)$8,440 favorable
• B)$1,960 favorable
• C)$10,400 favorable
• D)$1,960 unfavorable

---

Definitions:

Spiritual Identity

The sense of self associated with one's beliefs, values, and practices regarding the quest for answers to questions about existence, consciousness, and the divine.

Religious Traditions

Established patterns of belief, practice, and worship, often passed down through generations within a religious community.

Parochial Education

A type of educational system usually associated with religious institutions, often aiming to provide moral or spiritual guidance along with academic instruction.

Parental Teaching

Parental teaching involves parents actively engaging in their child's learning process, imparting knowledge, skills, and values through direct and indirect methods.