The Following Standards for Variable Manufacturing Overhead Have Been Established

question 13

Multiple Choice

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

• A)$2,870 U
• B)$2,870 F
• C)$1,715 U
• D)$1,715 F

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Definitions:

Excessive Errors

A greater number of mistakes than what is considered normal or acceptable.

Goal

A specific, measurable, attainable, relevant, and time-bound target that an individual or organization aims to achieve.

Equity

The concept of fairness or justice in the way people are treated and decisions are made.

Inputs And Outcomes

The resources, efforts, or information entered into a system or process and the results or effects produced.