A manufacturer planned to use $80 of variable overhead per unit produced, but in the most recent period, it actually used $77 of variable overhead per unit produced. During this same period, the company planned to produce 600 units but actually produced 630 units. What is the variable overhead spending variance? Enter the amount as positive number. Variable overhead spending variance $fill in the blank 1
Variance Analysis
In layman's terms, variance analysis is an analysis of a difference between planned and actual behavior. Variance analysis is mainly used by the companies to maintain a control over a business. After analyzing differences, companies find the reasons for the variance so that the necessary steps should be taken to correct that variance.
Standard Costing
The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
A manufacturer planned to use $80 of variable
What is the variable overhead spending variance? Enter the amount as positive number.
| Variable overhead spending variance | $fill in the blank 1 |
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