Harrangue Company's Standard Variable Overhead Rate Is $6 Per Direct

question 34

Multiple Choice

Harrangue Company's standard variable overhead rate is $6 per direct labor hour, and each unit requires 2 standard direct labor hours. During March, Harry recorded 6,000 actual direct labor hours, $37,000 actual variable overhead costs, and 2,900 units of product manufactured.
What is the total variable overhead variance for March for Harrangue?

• A)$2,200 (U)
• B)$600 (U)
• C)$1,000 (U)
• D)$1,200 (U)

Understand the concept and impact of word-of-mouth (WOM) in market dynamics.

Learn the three key factors that contribute to the tipping point of a trend according to Malcolm Gladwell.

Identify various forms of brand exposure through social sharing and personal influence.

Grasp the role of small groups of influencers in the dissemination of information.

---

Definitions:

Liabilities

Financial obligations or debts that a company owes to others, which are due to be paid in the future.

Total Assets

The sum of all assets owned by a company, including both current and non-current assets, representing the total resources the company has at its disposal.

Stockholders' Equity

Refers to the residual interest in the assets of a corporation after deducting its liabilities.

Total Liabilities

The sum of all financial obligations a company owes to outside parties, including loans, accounts payable, mortgages, and other debts.