Ask Question
6 March, 05:33

If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: Garrison 16e Rechecks 2017-08-17 Multiple Choice

the actual variable overhead rate exceeded the standard rate.

the standard variable overhead rate exceeded the actual rate.

the standard direct labor-hours allowed for the actual output exceeded the actual hours.

None of the above

+5
Answers (1)
  1. 6 March, 05:45
    0
    Variable overhead rate variance=Actual overhead costs - (actual hours*Standard rate)

    Given the variable overhead rate variance is favourable that means the actual overhead rate is less than the standard overhead rate.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “If variable manufacturing overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers