Question

Actual variable overhead $10,000
Budgeted variable overhead $12,000
Budgeted production
500 units
Actual production
450 units
Actual hours
200
Standard time for 1 unit 30 minutes
Among the given options, determine variable overhead efficiency variance.
a. $1,200 favorable.
b. $1.200 unfavorable
c. $1.250 favorable
d. $2,400 favorable
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Answer 1

Answer:

The four basic process activities of specification, development, validation and evolution are organized differently in different development processes. In the waterfall model, they are organized in sequence, whereas in incremental development they are interleaved.