Multiple Choice
Venus Company applies overhead based on direct labor hours.The variable overhead standard is 10 hours at $3.50 per hour.During October,Venus Company spent $157,600 for variable overhead.47,440 labor hours were used to produce 4,800 units.What is the over- or underapplied variable overhead?
A) $10,400 overapplied
B) $8,440 overapplied
C) $8,440 underapplied
D) $1,960 overapplied
Correct Answer:
Verified
Correct Answer:
Verified
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