Based on the information below, compute the variable overhead spending variance. Production Variable overhead rate Budget Actual units, machine hours used 1,600 $4 per machine hour 500 units (3 machine 550 hours allowed per unit) $6 per machine hour

Based on the information below, compute the variable overhead spending variance. Production Variable overhead rate Budget Actual units, machine hours used 1,600 $4 per machine hour 500 units (3 machine 550 hours allowed per unit) $6 per machine hour

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter9: Evaluating Variances From Standard Costs

Section: Chapter Questions

Problem 9DQ: At the end of the period, the factory overhead account has a credit balance of 10,000. (a) Is the...

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Given on the following information, calculate the variable overhead rate variance. Actual variable overhead cost $15,500; Actual hours used 4,200, Standard hours allowed 4,000; and Standard variable overhead rate $3.75 per hour. O $500 F O $250 U O $250 F O $500 U Î
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Please give me answer general accounting question
The Bronze Company produces Product Y. Direct labor standard input for one output = .30 Direct labor standard cost per input = $9.00 Actual Results Units of output 4,000 Labor costs $11,470 Labor hours of input 1,240 Actual price per hour $9.25 a. What is the manufacturing direct labor price variance? b. What is the manufacturing direct labor efficiency variance?
Account
Please solve a and b
Actual variable overhead rate