The following data for November have been provided by Rickenbaker Corporation, a

Question

The following data for November have been provided by Rickenbaker Corporation, a producer of precision drills for oil exploration:

Compute the variable overhead rate variances for indirect labor and for power for November. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Round your answers to the nearest dollar amount.)

The following data for November have been provided by Rickenbaker Corporation, a producer of precision drills for oil exploration:

Explanation / Answer

Hi,

Please find the answer as follows:

Indirect Labor = 40050*(422528/40050 - 9.7) = 34043 (U)

Power = 40050*(117915/40050 - 3.5) = 22260 (F)

Thanks.

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