Vermeillen Corporation Uses a Standard Costing System in Which Variable

question 325

Multiple Choice

Vermeillen Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of the number of machine setups. The following data pertain to one month's operations:Variable manufacturing overhead cost incurred: $70,000Total variable manufacturing overhead variance: $4,550 FavorableStandard machine setups allowed for actual production: 3,550Actual machine setups incurred: 3,500The standard variable overhead rate per machine setup is:

• A) $20.00
• B) $21.30
• C) $18.44
• D) $21.00

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