The following information pertains to Blue Lion Co's 202x manufacturing operations: Standard direct labor hours/unit is 2; Actual direct labor hours is 10,500; Number of units produced is 5,000; standard variable OH/ Hr is P3 and Actual variable OH is P28,000. The company's variable overhead efficiency variance must be:

1) What is the labor efficiency variance for March? 2) What is the variable overhead rate for March? 3) What is the variable overhead efficiency variance for March?

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The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual variable overhead costs 11,760 packages 12,500 packages Variable overhead spending variance eTextbook and Media 18 direct labor hours per package Variable overhead efficiency variance 22,208 $82,612 Calculate the variable overhead spending and efficiency variances. (Round answers to O decimal places, eg. 125. If variance is zero, select "Not Applicable and enter O for the amounts) $4 per direct labor hour $

Taft Corporation uses a standard costing system in which variable manufacturing overhead is assigned to production on the basis of machine hours. The following data pertain to one month's operations: Variable manufacturing overhead cost incurred: Total flexible budget variable overhead cost: Standard machine hours allowed for actual production: $68,000 $74,550 3,550 MHs 3,000 MHs Actual machine hours incurred: 9 The variable overhead rate variance is: А. $6,550 Favorable $6,550 Unfavorable $5,000 Favorable В. С. D. $5,000 Unfavorable Е. None of the above

For direct labor:a. Compute the actual direct labor cost per hour for the month.b. Compute the labor rate variance.   Julia Company uses a standard cost system in which manufacturing overhead is applied to units of product on the basis of standard machine-hours. At standard, each unit of product requires one machine-hour to complete. The standard variable overhead is $1.75 per machine-hour and Budgeted Fixed Manufacturing Costs are $300,000 per year. The denominator level of activity is 150,000 machine-hours, or 150,000 units. Actual data for the year were as follows:           Actual variable overhead cost $ 211,680   Actual fixed manufacturing overhead cost $ 315,000   Actual machine-hours   126,000   Units produced   120,000       Required: What are the predetermined variable and fixed manufacturing overhead rates for the year? Compute the variable overhead rate and efficiency variances for the year. Compute the fixed…

Preparing a standard cost income statement Use the following information to prepare a standard cost income statement for Whitmer Company for 2021. Cost of Goods Sold at standard $ 367,000 Direct Labor Efficiency Variance $ 18,000 F Sales Revenue at standard 550,000 Variable Overhead Efficiency Variance 3,400 U Direct Materials Cost Variance 8,000 U Fixed Overhead Volume Variance 12,000 F Direct Materials Efficiency Variance 2,800 U Selling and Administrative Expenses 77,000 Direct Labor Cost Variance 42,000 U Variable Overhead Cost Variance 700 F Fixed Overhead Cost Variance 1,900 F

The standard number of hours that should have been worked for the output attained is 10,000 direct labor hours and the actual number of direct labor hours worked was 10,500. If the direct labor rate variance was P10,500 unfavorable, and the standard rate of pay was P12 per direct labor hour, what was the actual rate of pay for direct labor?   A. P11 per hour B. P9 per hour C. P13 per hour D. P12 per hour

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Franklin Company established a predetermined fixed overhead cost rate of $36 per unit of product. The company planned to make 7,700 units of product but actually produced only 7,400 units. Actual fixed overhead costs were $286,100. Required a. Determine the fixed cost spending variance and indicate whether it is favorable (F) or unfavorable (U).