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Mason, Inc

Question 33

Multiple Choice

Mason, Inc. uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $1 and $5 per direct labour hour, respectively. Data relevant for the current period include: Mason, Inc. uses a standard costing system. Overhead costs are allocated based on direct labour hours. The standard variable overhead and fixed overhead rates are $1 and $5 per direct labour hour, respectively. Data relevant for the current period include: The direct materials efficiency variance is: A) $60,000 Favourable B) $60,000 Unfavourable C) $65,000 Favourable D) $65,000 Unfavourable The direct materials efficiency variance is:


A) $60,000 Favourable
B) $60,000 Unfavourable
C) $65,000 Favourable
D) $65,000 Unfavourable

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