Examlex

Solved

The Following Information Is Available from the Terry Company What Was the Variable Overhead Efficiency Variance for the Period

question 74

Multiple Choice

The following information is available from the Terry Company:  Actual total factory overhead cost incurred $25,000 Actual fixed overhead cost incurred $10,400 Budgeted fixed overhead expenses $11,000 Actual direct labor hours (DLH)  worked 4,400 Standard DLHs for this period’s production (output)  4,000 Standard variable overhead rate per DLH $3.00 Standard fixed overhead rate per DLH $2.50\begin{array}{lrr}\text { Actual total factory overhead cost incurred } & \$ 25,000 \\\text { Actual fixed overhead cost incurred } & \$ 10,400 \\\text { Budgeted fixed overhead expenses } & \$ 11,000 \\\text { Actual direct labor hours (DLH) worked } & 4,400 \\\text { Standard DLHs for this period's production (output) } & 4,000 \\\text { Standard variable overhead rate per DLH } & \$ 3.00 \\\text { Standard fixed overhead rate per DLH } & \$ 2.50\end{array} What was the variable overhead efficiency variance for the period, to the nearest whole dollar?


Definitions:

Lyndon Johnson

The 36th President of the United States, who served from 1963 to 1969, known for his significant contributions to civil rights legislation and domestic programs known as the Great Society.

Vietnam War

A protracted conflict (1955-1975) between communist forces in North Vietnam and South Vietnam (supported by the United States), leading to extensive casualties and political unrest.

New Society Programs

Initiatives or projects launched typically by governments or organizations aimed at societal improvement, such as reducing poverty, enhancing education, or innovation in social services.

Latino Rights

The socio-political movement advocating for the civil rights and equality of Latinos in the United States.

Related Questions