Xyz manufacturing uses a standard cost system with overhead applied based on direct-labor hours. the manufacturing budget for the production of 5,000 units for the month of june included 10,000 hours of direct labor at $20 per hour, or $200,000. during june, 4,500 units were produced, using 9,600 direct-labor hours, incurring $43,400 of variable overhead, and showing a variable overhead efficiency variance of $3,600 unfavorable. the standard variable overhead rate per direct-labor hour was: 1. $5.85 2. $6.00 3. $6.20 4. $0

2. $6.00

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

Variable overhead efficiency variance = (standard direct labor hours - Actual direct labor hours ) × variable overhead rate per hour

-$3,600 = (9,000 hours - 9,600 hours) × variable overhead rate per hour

-$3,600 = - 600 hours × variable overhead rate per hour

So, the variable overhead rate per hour  would be

= $3,600 ÷ 600 hours

= $6 per hour

The standard direct labor hours would be

= 10,000 hours ÷ 5,000 units × 4,500 units

= 2 hours × 4,500 units

= 9,000 hours

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

answermarginal cost;