Question

QUIZ QUIZ 2 This Question: 1 pt 7 of 10 (0 complete) This Quiz: 10 pts pos Selmon Corporation produces a single product. The standard costs for one unit of its Plaza product are as follows: (Click the icon to view the standard costs for one unit.) During November Year 2, 4,100 units of Plaza were produced. The costs associated with November operations were as follows: (Click the icon to view the cos.) What is the variable overhead e ciency variance for Plaza for November Year 2? 1. $1,600 unfavorable O2 $1,600 favorable O 3. $2,600 favorable 4. $2,600 unfavorable Data Table 0 Data Table 41,000 Direct materials (4 pounds at 50 30 per pound) Direct labor (2 hours at $13 per hour) Variable manufacturing overhead (2 hours at 58 per hour Total Material purchased (41.000 pounds at $1.00 per pound) Material used in production (20,600 pounds) Direct labor (8,400 hours at $8.00 per hour) Variable manufacturing overhead incurred 67,200 BAO Print Done Print Done This cour t 2019: Managerial Accounting Section 051 is based on Horngren Cost Accounting 16e

Answer 1

Answer with working is given below

Answer is Option is A) $1,600.00 Unfavourable Working note (Standard Hours for actual production- Actual hours)* Standard rate per hour Standard hours for actual production = 4,100 output X 2 hours (8,200 hours - 8,400 hours)* $ 8 per hour $1,600.00 Unfavourable