Basis of direct labor-hours and the variable overhead rate, Accounting Basics

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Basis of direct labor-hours and the variable overhead rate

If variable overhead is applied on the basis of direct labor-hours and the variable overhead rate variance is favorable, then: ?

A) actual variable overhead rate exceeded the standard rate.

B) standard variable overhead rate exceeded the actual rate.

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

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

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Accounting Basics: Basis of direct labor-hours and the variable overhead rate

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Accounting Basics: Basis of direct labor-hours and the variable overhead rate

Reference No:- TGS077743

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Basis of direct labor-hours and the variable overhead rate

Reference No:- TGS077743

Recent Questions Asked Accounting Basics

Q : Machine breakdowns or other work interruptions

Q : Engaging in price discrimination

Q : What was the variable overhead rate variance

Q : Significant demands

Q : Basis of direct labor-hours and the variable overhead rate

Q : Change in consumer demand trends

Q : Explain responded-change request cost of performance index

Q : Determine the budget for the department

Q : What is the roe for a firm

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