Freytag Corporation's Variable Overhead Is Applied on the Basis of Direct

question 117

Essay

Freytag Corporation's variable overhead is applied on the basis of direct labor-hours. The company has established the following variable overhead standards for product N06C:
The following data pertain to the most recent month's operations during which 1,800 units of product N06C were made:
Required: a. What was the variable overhead rate variance for the month?b. What was the variable overhead efficiency variance for the month?

---

Definitions:

President Roosevelt

Refers to either Theodore Roosevelt or Franklin D. Roosevelt, both of whom served as President of the United States and left significant impacts on national policy and history.

Embargo

A government-imposed ban on trade or specific goods with a particular country, often used as a diplomatic or economic sanction.

Lend-Lease Act

A program initiated by the United States during World War II that allowed the U.S. to supply Allied nations with vast amounts of military materiel while avoiding direct involvement in combat.

Military Supplies

Equipment, tools, vehicles, and logistical support materials utilized by armed forces for the purposes of national defense and warfare operations.