Reference: 11-13 The Upton Company Employs a Standard Costing System in Which

question 63

Multiple Choice

Reference: 11-13
The Upton Company employs a standard costing system in which variable overhead is assigned to production on the basis of direct labour hours. Data for the month of February include the following:
Variable manufacturing overhead cost incurred: $48,700
Total variable overhead variance: $300 F
Standard hours allowed for actual production: 7,000
Actual direct labour hours worked: 6,840
-The variable overhead spending variance is?

• A)$740 U.
• B)$740 F.
• C)$820 F.
• D)$820 U.

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