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Eliezrie Corporation Makes a Product with the Following Standard Costs

question 105

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Eliezrie Corporation makes a product with the following standard costs:
Eliezrie Corporation makes a product with the following standard costs:    In January the company's budgeted production was 7,400 units but the actual production was 7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to produce this output. During the month, the company purchased 48,500 kilos of the direct material at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead cost was $7,714.  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 January is: A) $836 F B) $836 U C) $880 F D) $880 U
In January the company's budgeted production was 7,400 units but the actual production was 7,500 units. The company used 45,580 kilos of the direct material and 2,030 direct labor-hours to produce this output. During the month, the company purchased 48,500 kilos of the direct material at a cost of $53,350. The actual direct labor cost was $18,473 and the actual variable overhead cost was $7,714.

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 January is:


Definitions:

Psychotherapy

A treatment technique for mental health disorders involving talking with a psychiatrist, psychologist, or other mental health provider.

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The correct identification of a disease or disorder based on a comprehensive evaluation of symptoms, history, and often diagnostic tests.

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A process of evaluating data or information in a deep, meaningful way to uncover hidden patterns or truths.

Electroconvulsive Therapy

A medical treatment most commonly used for severe depression, involving electrical stimulation of the brain under anesthesia.

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