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?

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Definitions:

Toxic Wastes

Hazardous wastes that are dangerous or potentially harmful to human health or the environment.

Discovery

The legal process by which parties in a lawsuit obtain information and evidence from each other to prepare for trial.

Interrogatories

Written questions from one party to a lawsuit to another, which must be answered formally.

Pleadings

Written documents filed with a court by parties in a legal dispute, outlining their claims, defenses, or other assertions.