A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturir overhead standards on direct labor-hours. Standard hours per unit of output 3.20 DLHS standard variable overhead rate $10.55 per DLH The following data pertain to operations for the last month: Actual direct labor-hours Actual total variable manufacturing overhead cost Actual output 9,400 DLHS $95,780 2,700 units What is the variable overhead rate variance for the month?

A manufacturing company that has only one product has established the following standards for its variable manufacturing overhead. The company bases its variable manufacturir overhead standards on direct labor-hours. Standard hours per unit of output 3.20 DLHS standard variable overhead rate $10.55 per DLH The following data pertain to operations for the last month: Actual direct labor-hours Actual total variable manufacturing overhead cost Actual output 9,400 DLHS $95,780 2,700 units What is the variable overhead rate variance for the month?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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