Exam 21: Flexible Budgets and Standard Costs

Claremont Company sells refurbished copiers.During the month,the company sold 180 copiers at an average price of $3,000 each.The budget for the month was to sell 175 copiers at an average price of $3,200.The expected total sales for 180 copiers were:

Use the following data to find the direct labor efficiency variance if the company produced 3,500 units during the period.

Grant Co.uses the following standard to produce a single unit of its product: Variable overhead (2 hrs.per unit @ $4/hr.)Actual data for the month show total variable overhead costs of $190,000,and 23,000 units produced.The total variable overhead variance is: