Lance Production Company has the following information: Standard fixed factory overhead rates per direct labor-hour $1.50
Standard variable factory overhead rates per direct labor-hour $5.00
Actual number of units produced 6,000 units
Actual factory overhead costs (includes $70,000 fixed) $78,000
Actual direct labor hours 6,000 hours
Standard factory overhead rates are based on a normal monthly volume of 5,000 units (1 standard direct labor-hour per unit)
What is Lance's variable overhead efficiency variance?
A. $4,000 (F)
B. $3,000 (F)
C. $6,000 (U)

$0

Explanation:

Variance overhead efficiency variance = (Standard hours - Actual hours) * Standard variable overhead rate

= (6,000 hours *  $1) - 6,000 hours * $5

= (6,000 hours - 6,000 hours) * $5

= 0 * $5

= $0

Thus, the Variance overhead efficiency variance = $0

answer; (c) penalty

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2) your brainliest's expired. this means that brainliests, once they exceed the 30 day limit, expires. this is to ensure that you continue to contribute into the community at a constant rank if you want to continue to have/exceed the rank you have right now.

if you go to profile, and click "show more information" located on the bottom left of the box with your information (on top of the questions answered, questions asked, and friends), you will be given the following information (example):

member since : 02/13/2017, 18: 11

questions answered: 9741

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brainliest answers in last 30 days: 10

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