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Rath Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour Actual variable overhead costs Actual direct labor hours worked (AH) Actual production in units Standard hours (SH) allowed for actual units produced Required: $3.75 $222,816 57,200 15,000 60,000

Rath Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour Actual variable overhead costs Actual direct labor hours worked (AH) Actual production in units Standard hours (SH) allowed for actual units produced Required: $3.75 $222,816 57,200 15,000 60,000

FINANCIAL ACCOUNTING
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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Rath Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour Actual variable overhead costs Actual direct labor hours worked (AH) Actual production in units Standard hours (SH) allowed for actual units produced Required: Using the columnar approach, calculate the variable overhead spending and efficiency variances. Enter amounts as positive numbers. (1) (2) $ $3.75 $222,816 57,200 (3) 15,000 60,000 Spending Efficiency . Using the formula approach, calculate the variable overhead spending variance. Enter amount as a positive number. $ . Using the formula approach, calculate the variable overhead efficiency variance. Enter amount as a positive number. $ Calculate the total variable overhead variance. Enter amount as a positive number.
Transcribed Image Text:Rath Company provided the following information: Standard variable overhead rate (SVOR) per direct labor hour Actual variable overhead costs Actual direct labor hours worked (AH) Actual production in units Standard hours (SH) allowed for actual units produced Required: Using the columnar approach, calculate the variable overhead spending and efficiency variances. Enter amounts as positive numbers. (1) (2) $ $3.75 $222,816 57,200 (3) 15,000 60,000 Spending Efficiency . Using the formula approach, calculate the variable overhead spending variance. Enter amount as a positive number. $ . Using the formula approach, calculate the variable overhead efficiency variance. Enter amount as a positive number. $ Calculate the total variable overhead variance. Enter amount as a positive number.
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