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Author Question: Strait Corporation uses the following standard costs for a single unit of product:Direct labour (5 ... (Read 40 times)

futuristic

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Strait Corporation uses the following standard costs for a single unit of product:

Direct labour (5 hours @ $12/hour)$60
Variable overhead (4 hours @ $7/hour)$28

Actual data for the month showed variable overhead costs of $524,000 for 20,000 units produced.  What is the difference between actual variable overhead costs and standard variable overhead costs allocated to products?
◦ $384,000 favourable
◦ $36,000 favourable
◦ $384,000 unfavourable
◦ $36,000 unfavourable


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Marked as best answer by futuristic on Jan 5, 2020

Silverbeard98

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futuristic

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Reply 2 on: Jan 5, 2020
Excellent


covalentbond

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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