The Following Standards for Variable Overhead Have Been Established for a Company

question 47

Essay

The following standards for variable overhead have been established for a company that makes only one product:
The following data pertain to operations for the last month:
Required:
a.What is the variable overhead rate variance for the month?
b.What is the variable overhead efficiency variance for the month?

---

Definitions:

Whole Grains

Grains that contain all essential parts and naturally-occurring nutrients of the entire grain seed, including the bran, germ, and endosperm.

Bran

The outer layer of cereal grains removed during the milling process, rich in fiber and nutrients.

Germ

A microorganism, especially one that causes disease; commonly used to refer to pathogens or microbes.

Endosperm

The part of a seed that acts as a food store for the developing plant embryo, usually containing starch with protein and other nutrients.