Underfoot Products Uses Standard Costing Compute the Variable Overhead Variance

question 20

Multiple Choice

Underfoot Products uses standard costing.The following information about overhead was generated during May: $$\begin{array} { l l } \text { Standard varable cverhead rate } & \$ 2 \text { per machine hour } \\\text { Standard fixed cverhead rate } & \$ 1 \text { per machine hour } \\\text { Actual variable cverhead costs } & \$ 361,000 \\\text { Actual fixed cverhead costs } & \$ 17,000 \\\text { Budgeted fixed cverhead costs } & \$ 190,000 \\\text { Standard machine hours per urit produced } & 10 \\\text { Good urits produced } & 18,000 \\\text { Actual machine hours } & 200,000\end{array}$$
Compute the variable overhead variance.

• A) $21,000 (F)
• B) $21,000 (U)
• C) $1,000 (U)
• D) $11,000 (F)

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Definitions:

Calculability

A principle, often related to rationalization and modernity, emphasizing quantification and measurement in decision-making processes.

Quantity Over Quality

A focus on producing or achieving more in number, often at the expense of excellence or condition.

McDonaldization

The process by which the principles of fast food restaurants are coming to dominate more sectors of societies worldwide, emphasizing efficiency, predictability, and control.

Dimension

Dimension is a measurable extent of some kind, such as length, width, height, or time, which helps define the scope or magnitude of an object or concept.