Majer Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateStandard Cost Per Unit Direct materials 6.4ounces$3.00per ounce$19.20 Direct labor 0.4hours$13.00per hour$5.20 Variable overhead 0.4hours$5.00per hour$2.00 The company reported the following results concerning this product in February. Originally budgeted output 4,800units Actual output 4,900units Raw materials used in production 30,230ounces Actual direct labor-hours 1,910hours Purchases of raw materials 32,600ounces Actual price of raw materials$2.90per ounce Actual direct labor rate$12.40per hour Actual variable overhead rate$4.90per hour 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 efficiency variance for February is:

Variable overhead efficiency variance= $250 favorable

Explanation:

Giving the following information:

Standard:

Variable overhead 0.4 hours $ 5.00 per hour $ 2.00

Actual output= 4,900 units

Actual direct labor-hours 1,910 hours

To calculate the variable overhead efficiency variance, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 0.4*4,900= 1,960

Variable overhead efficiency variance= (1,960 - 1,910)*5

Variable overhead efficiency variance= $250 favorable

christopher columbus sail the ocean blue 1492

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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