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 1,600 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:
Experimental Unit
The smallest division of experimental material such that each unit receives one treatment in a research study.
One-Factor ANOVA
A statistical test used to analyze the differences among group means in a sample for a single factor.
Randomized Group Design
An experimental design where subjects are randomly assigned to different groups to test the effects of a treatment.
Sum of Squares
A statistical measure of the dispersion or variation in a set of values, used to calculate variance and standard deviation.
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