The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The variable overhead rate variance for January is:A. 1,456 F
B. 1,461 F
C. 1,456 U
D. 1,461 U

1,456 F

Explanation:

Overhead rate are of two types standard and actual. Standard is estimated and actual rate is calculated from actual data.

Standard Overhead rate = $4 per labor hour

Actual Overhead rate = $3.3 per labor hour

Overhead Rate variance = ( Actual Hours Worked x Actual overhead Rate per hour ) - ( Actual Hours Worked x Standard overhead Rate per hour)

Overhead Rate variance = ( 2080 x 3.3 ) - ( 2080 x 4)

Overhead Rate variance = 6,864 - 8320 = - $1,456

As there is a negative variance in a cost, so it is Favorable

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi