The following data have been provided by Liggett Corporation: Budgeted production 7,400 units Standard machine-hours per unit 6.6 machine-hours Standard lubricants rate $ 3.50 per machine-hour Standard supplies rate $ 2.00 per machine-hour Actual production 7,600 units Actual machine-hours (total) 49,840 machine-hours Actual lubricants cost (total) $ 179,821 Actual supplies cost (total) $ 98,933 Lubricants and supplies are both elements of variable manufacturing overhead. The variable overhead rate variance for lubricants is closest to:
Multiple Choice
a. $1,120 F
b. $5,381 F
c. $4,261 U
d. $5,381 U
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Home » Business » The following data have been provided by Liggett Corporation: Budgeted production 7,400 units Standard machine-hours per unit 6.6 machine-hours Standard lubricants rate $ 3.50 per machine-hour Standard supplies rate $ 2.