Solved

Grub Chemical Corporation Has Developed Cost Standards for the Production

Question 49

Multiple Choice

Grub Chemical Corporation has developed cost standards for the production of its new chocolate, ChocO. The variable cost standards below relate to each 10 gallon batch of ChocO: Grub Chemical Corporation has developed cost standards for the production of its new chocolate, ChocO. The variable cost standards below relate to each 10 gallon batch of ChocO:   Variable manufacturing overhead at Grub is applied based on direct labor-hours. The actual results for last month were as follows:   What is ChocO's labor rate variance? A)  $902 Favorable B)  $2,880 Favorable C)  $3,782 Favorable D)  $14,432 Favorable Variable manufacturing overhead at Grub is applied based on direct labor-hours. The actual results for last month were as follows:
Grub Chemical Corporation has developed cost standards for the production of its new chocolate, ChocO. The variable cost standards below relate to each 10 gallon batch of ChocO:   Variable manufacturing overhead at Grub is applied based on direct labor-hours. The actual results for last month were as follows:   What is ChocO's labor rate variance? A)  $902 Favorable B)  $2,880 Favorable C)  $3,782 Favorable D)  $14,432 Favorable What is ChocO's labor rate variance?


A) $902 Favorable
B) $2,880 Favorable
C) $3,782 Favorable
D) $14,432 Favorable

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions