Variable manufacturing overhead is applied to products on the basis of standard
ID: 2592542 • Letter: V
Question
Variable manufacturing overhead is applied to products on the basis of standard direct labor-hours. If the labor efficiency variance is favorable, the variable overhead efficiency variance will be: O favorable O unfavorable. zero. either favorable or unfavorable QUESTION 9 A favorable labor rate variance indicates that O actual hours exceed standard hours O standard hours exceed actual hours 0 the actual rate exceeds the standard rate. 0 the standard rate exceeds the actual rate. QUESTION 10 True or False: In general, the production manager is responsible for the materials price variance. O True False Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All AnswersExplanation / Answer
Ans 8) Favourable
Ans 9) the Standard Rate exceed actual rate
Formula: (Standard rate - Actual rate) * Actual Hours
Ans 10) FALSE
It is the responsibility of Purchasing Manager
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