Epley Corporation Makes a Product with the Following Standard Costs

question 88

Multiple Choice

Epley Corporation makes a product with the following standard costs: In July the company produced 3, 300 units using 12, 240 pounds of the direct material and 2, 760 direct labor-hours.During the month, the company purchased 13, 000 pounds of the direct material at a cost of $35, 100.The actual direct labor cost was $51, 612 and the actual variable overhead cost was $20, 148. The company applies variable overhead on the basis of direct labor-hours.The direct materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for July is:

• A)$960 F
• B)$960 U
• C)$876 F
• D)$876 U

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Definitions:

Organic Product

A chemical compound of organic origin or derived from living organisms.

Organic Product

Any compound containing carbon atoms that is produced from organic reactions involving organic compounds.

Organic Product

A molecule or compound that has been synthesized through a reaction involving organic (carbon-based) precursors.

Cyclobutanone

A cyclic ketone compound consisting of a four-carbon ring structure with a ketone functional group.