Descamps Inc. has provided the following data concerning one of the products in its standard cost system. Variable manufacturing overhead is applied to products on the basis of direct labor-hours.
Inputs Standard Quantity or Hours Standard Price or Rate
per Unit of Output
Variable manufacturing overhead 0.20 hours $6.10 per hour
The company has reported the following actual results for the product for July:
Actual output 4,200 units
Actual direct labor-hours 780 hours
Actual variable overhead rate $ 6.20 per hour
The variable overhead efficiency variance for the month is closest to:
Multiple Choice:
O $366 F
O $372 U
O $372 F
O $366 U
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