Use the Information Below to Answer the Following Question(s)

question 91

Multiple Choice

Use the information below to answer the following question(s) .Michelle Inc.uses a level 4-variance analysis of its manufacturing overhead costs, and has the following results for April.A.Budgeted direct labour-hours per unit is used to allocate variable manufacturing overhead.Fixed overhead is allocated on a per unit basis.
b.Budgeted amounts for April are:
C.Actual amounts for April are:

-What is the variable manufacturing overhead efficiency variance?

• A)$80,000 favourable
• B)$80,000 unfavourable
• C)$101,200 favourable
• D)$101,200 unfavourable
• E)$181,200 favourable

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Definitions:

Merchandise Prices

The set prices at which goods are sold to consumers, influencing revenue, profit margins, and competitive positioning.

Inventory Turnover

A financial ratio indicating the number of times a company's inventory is sold and replaced over a specific period.

Fixed Asset Turnover

A ratio in finance that evaluates how effectively a business utilizes its fixed assets to produce sales.

Inventory Costing

The process of assigning costs to inventory items and determining cost of goods sold, using methods like FIFO, LIFO, or weighted average.