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:

Comparative Financial Statement

Financial reports that present a company’s financial performance across different periods, allowing for comparison and analysis of trends.

Solvency

The ability of an entity to meet its long-term financial obligations and continue its operations into the foreseeable future.

Liquidity

The ease with which an asset or an investment can be converted into cash without significantly affecting its price.

Net Income

The remaining earnings of a company post all tax and expense deductions from its total sales.