Question
In: Accounting
The following standards for variable overhead have been established for a company that makes only one...
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The following standards for variable overhead have been established for a company that makes only one product: Standard hours per unit of output: 5.5 hours Standard variable overhead rate: $14.00 per hour The following data pertain to operations for the last month: Actual hours: 9,200 hours Actual total variable overhead cost: $125,100 Actual output: 1,660 units
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Solutions
Expert Solution
a) Variable overhead rate variance = (Standard rate-actual rate)actual hours
= (14*9200-125100)
Variable overhead rate variance = 3700 F
b) Variable overhead efficiency variance =(Standard hour-actual hour)standard rate
= (1660*5.5-9200)14
Variable overhead efficiency variance = 980 U
ekkarill92 answered 1 year agoRelated Solutions
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Direct
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Actual total labor cost
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6,300
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Standard labor rate
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