Northfield Manufacturing uses standard costing. Variable overhead is applied at $7 per direct labor hour. Data for the month of August follows: • • Actual overhead variable costs = $70,000 Standard hours allowed for actual production = 9,000 Actual labor hours worked = 8,500 How much is the controllable overhead spending variance?

Northfield Manufacturing uses standard costing. Variable overhead is applied at $7 per direct labor hour. Data for the month of August follows: • • Actual overhead variable costs = $70,000 Standard hours allowed for actual production = 9,000 Actual labor hours worked = 8,500 How much is the controllable overhead spending variance?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter8: Standard Costs And Variances

Section: Chapter Questions

Problem 12PA: ABC Inc. spent a total of $48,000 on factory overhead. Of this, $28,000 was fixed overhead. ABC Inc....

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