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Branch Corp.uses a standard cost system to account for the costs of its one product.Variable overhead is applied using direct labor hours.Standards allowed for each unit are 3 hours of labor at a variable overhead rate of $10.During November,Branch Corp.produced 2,300 units.Payroll totaled $97,780 for 7,140 hours worked.Variable overhead incurred totaled $73,230.Calculate the:
a.variable overhead rate variance.
b.variable overhead efficiency variance.
Butterfly
An insect belonging to the order Lepidoptera, known for their colorful wings and the role as pollinators in ecosystems.
Amphibian
A class of cold-blooded vertebrates that can live both in water and on land, including frogs, toads, salamanders, and newts.
Mammal
Warm-blooded vertebrates characterized by the presence of mammary glands which in females produce milk for feeding their young.
Dog
A domesticated carnivorous mammal (Canis familiaris) that has been selectively bred over millennia for various behaviors, sensory capabilities, and physical attributes.
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