Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 1.5 hours per unit. The variable overhead rate standard is $11.50 per hour. In September, the company produced 1,400 units using 2,090 direct labor-hours. The actual variable overhead rate was $12.90 per hour. The variable overhead efficiency variance for September is:
+3
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Home » Business » Novelli Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 1.5 hours per unit. The variable overhead rate standard is $11.50 per hour.